Minnesota SF1086 increases the general education basic formula allowance by an additional three percent per year.

SF1086 amends the general education basic formula allowance in Minnesota, increasing it by an additional three percent annually starting from fiscal year 2026. The bill specifies that the formula allowance for each fiscal year will be the previous year's allowance multiplied by the greater of 1.02 or the rate of inflation, not exceeding 1.06. The commissioner of education is required to calculate and publish the inflation rate by the end of February each year. The bill also appropriates funds from the general fund to the Department of Education for general education aid.

Minnesota SF1086 increases the general education basic formula allowance by an additional three percent per year.

SF1086 amends the general education basic formula allowance in Minnesota, increasing it by an additional three percent annually starting from fiscal year 2026. The bill specifies that the formula allowance for each fiscal year will be the previous year's allowance multiplied by the greater of 1.02 or the rate of inflation, not exceeding 1.06. The commissioner of education is required to calculate and publish the inflation rate by the end of February each year. The bill also appropriates funds from the general fund to the Department of Education for general education aid.