Minnesota SF2239 amends local optional revenue for school districts, setting specific equalizing factors and allowances for fiscal years 2025 through.

Minnesota SF2239 modifies the local optional revenue provisions for school districts, establishing specific equalizing factors and allowances for fiscal years 2025 through 2029. The bill sets the first tier local optional equalizing factor at $880,000 for fiscal years 2025 and 2026, increasing to $1,957,000 for fiscal year 2027, and further to $2,270,000 for fiscal year 2028 and beyond. The first tier local optional allowance is $300 for fiscal years 2025 and 2026, rising to $550 for fiscal year 2027, and adjusting annually based on the general education basic formula allowance thereafter.

Minnesota SF2239 amends local optional revenue for school districts, setting specific equalizing factors and allowances for fiscal years 2025 through.

Minnesota SF2239 modifies the local optional revenue provisions for school districts, establishing specific equalizing factors and allowances for fiscal years 2025 through 2029. The bill sets the first tier local optional equalizing factor at $880,000 for fiscal years 2025 and 2026, increasing to $1,957,000 for fiscal year 2027, and further to $2,270,000 for fiscal year 2028 and beyond. The first tier local optional allowance is $300 for fiscal years 2025 and 2026, rising to $550 for fiscal year 2027, and adjusting annually based on the general education basic formula allowance thereafter.