Minnesota SF2340 reduces referendum allowances and increases local optional revenue authority for school districts.

Minnesota SF2340 amends education finance laws by reducing referendum allowances for school districts starting in fiscal year 2027. It also increases local optional revenue authority by adjusting the calculation for first and second tier local optional revenue. The bill includes appropriations for the Department of Education and general education aid for fiscal years 2026 and 2027. The changes affect how school districts can levy taxes and the financial support they receive from the state.

Minnesota SF2340 reduces referendum allowances and increases local optional revenue authority for school districts.

Minnesota SF2340 amends education finance laws by reducing referendum allowances for school districts starting in fiscal year 2027. It also increases local optional revenue authority by adjusting the calculation for first and second tier local optional revenue. The bill includes appropriations for the Department of Education and general education aid for fiscal years 2026 and 2027. The changes affect how school districts can levy taxes and the financial support they receive from the state.