Minnesota SF1254 amends local optional revenue for school districts, adjusting the formula and indexing it to the formula allowance.

Minnesota SF1254 modifies the local optional revenue for school districts by adjusting the formula and indexing it to the formula allowance. The bill specifies the local optional revenue allowance for fiscal years 2026 and later, tying it to the formula allowance. It also details the calculation for the first and second tier local optional revenue and the corresponding levies. The bill includes provisions for reducing aid if a district's actual levy is less than its maximum limit. This change affects school districts' financial planning and their ability to fund educational programs.

Minnesota SF1254 amends local optional revenue for school districts, adjusting the formula and indexing it to the formula allowance.

Minnesota SF1254 modifies the local optional revenue for school districts by adjusting the formula and indexing it to the formula allowance. The bill specifies the local optional revenue allowance for fiscal years 2026 and later, tying it to the formula allowance. It also details the calculation for the first and second tier local optional revenue and the corresponding levies. The bill includes provisions for reducing aid if a district's actual levy is less than its maximum limit. This change affects school districts' financial planning and their ability to fund educational programs.