Minnesota SF1426 increases career and technical revenue for school districts and appropriates funds.

Minnesota SF1426 amends career and technical revenue provisions for school districts. It increases the percentage of approved expenditures eligible for career and technical revenue from 35% to 50%. The bill also adjusts the career and technical revenue equalizing factor and establishes a tax rate for career and technical program revenue to raise $46,461,000 annually. Districts must report their career and technical reserve account balance, and those exceeding $200 per pupil unit must hold a public discussion by March 15. The changes take effect for fiscal year 2026 and later.

Minnesota SF1426 increases career and technical revenue for school districts and appropriates funds.

Minnesota SF1426 amends career and technical revenue provisions for school districts. It increases the percentage of approved expenditures eligible for career and technical revenue from 35% to 50%. The bill also adjusts the career and technical revenue equalizing factor and establishes a tax rate for career and technical program revenue to raise $46,461,000 annually. Districts must report their career and technical reserve account balance, and those exceeding $200 per pupil unit must hold a public discussion by March 15. The changes take effect for fiscal year 2026 and later.