Conforms the budget reserve limit to the existing amount in the budget reserve account.

This bill amends Minnesota Statutes to align the budget reserve limit with the existing amount in the budget reserve account. It specifies that if there is a positive unrestricted budgetary general fund balance, the commissioner of management and budget must allocate funds to certain accounts in priority order. The bill also details the process for reducing aid payment percentages and adjusting property tax shift percentages. The changes are effective the day following final enactment.

Conforms the budget reserve limit to the existing amount in the budget reserve account.

This bill amends Minnesota Statutes to align the budget reserve limit with the existing amount in the budget reserve account. It specifies that if there is a positive unrestricted budgetary general fund balance, the commissioner of management and budget must allocate funds to certain accounts in priority order. The bill also details the process for reducing aid payment percentages and adjusting property tax shift percentages. The changes are effective the day following final enactment.