Minnesota SF4268 increases local optional revenue for school districts with limited referendum authority.

Minnesota SF4268 amends the state's education finance law to increase local optional revenue for school districts with limited referendum authority. The bill sets new formulas for calculating a district's first, second, and third tiers of local optional revenue, based on adjusted pupil units. It also appropriates funds from the general fund to the Department of Education for additional general education aid. The changes take effect for fiscal year 2027 and later.

Minnesota SF4268 increases local optional revenue for school districts with limited referendum authority.

Minnesota SF4268 amends the state's education finance law to increase local optional revenue for school districts with limited referendum authority. The bill sets new formulas for calculating a district's first, second, and third tiers of local optional revenue, based on adjusted pupil units. It also appropriates funds from the general fund to the Department of Education for additional general education aid. The changes take effect for fiscal year 2027 and later.