Minnesota SF3945 renames the local optional revenue program to local education revenue and increases funding.

Minnesota SF3945 amends the state's education finance laws by renaming the local optional revenue program to local education revenue. The bill also increases funding for this program, effective for fiscal year 2027 and later. It adjusts the calculation methods for local optional education revenue and local optional education levy, and modifies the referendum tax base replacement aid for fiscal year 2026. The bill includes appropriations for general education aid and mandates changes in terminology across relevant statutes.

Minnesota SF3945 renames the local optional revenue program to local education revenue and increases funding.

Minnesota SF3945 amends the state's education finance laws by renaming the local optional revenue program to local education revenue. The bill also increases funding for this program, effective for fiscal year 2027 and later. It adjusts the calculation methods for local optional education revenue and local optional education levy, and modifies the referendum tax base replacement aid for fiscal year 2026. The bill includes appropriations for general education aid and mandates changes in terminology across relevant statutes.