| 1 | 1 | | 1.1 A bill for an act |
|---|
| 2 | 2 | | 1.2 relating to education finance; increasing the referendum levy equalizing factors; |
|---|
| 3 | 3 | | 1.3 appropriating money; amending Minnesota Statutes 2024, section 126C.17, |
|---|
| 4 | 4 | | 1.4 subdivision 6. |
|---|
| 5 | 5 | | 1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: |
|---|
| 6 | 6 | | 1.6 Section 1. Minnesota Statutes 2024, section 126C.17, subdivision 6, is amended to read: |
|---|
| 7 | 7 | | 1.7 Subd. 6.Referendum equalization levy.(a) A district's referendum equalization levy |
|---|
| 8 | 8 | | 1.8equals the sum of the first tier referendum equalization levy and the second tier referendum |
|---|
| 9 | 9 | | 1.9equalization levy. |
|---|
| 10 | 10 | | 1.10 (b) A district's first tier referendum equalization levy equals the district's first tier |
|---|
| 11 | 11 | | 1.11referendum equalization revenue times the lesser of one or the ratio of the district's |
|---|
| 12 | 12 | | 1.12referendum market value per resident pupil unit to $567,000 $1,500,000. |
|---|
| 13 | 13 | | 1.13 (c) A district's second tier referendum equalization levy equals the district's second tier |
|---|
| 14 | 14 | | 1.14referendum equalization revenue times the lesser of one or the ratio of the district's |
|---|
| 15 | 15 | | 1.15referendum market value per resident pupil unit to $290,000 $870,000. |
|---|
| 16 | 16 | | 1.16 EFFECTIVE DATE.This section is effective for revenue in fiscal year 2027 and later. |
|---|
| 17 | 17 | | 1.17 Sec. 2. APPROPRIATIONS. |
|---|
| 18 | 18 | | 1.18 Subdivision 1.Department of Education.The sums indicated in this section are |
|---|
| 19 | 19 | | 1.19appropriated from the general fund to the Department of Education for the fiscal years |
|---|
| 20 | 20 | | 1.20designated. |
|---|
| 21 | 21 | | 1Sec. 2. |
|---|
| 22 | 22 | | REVISOR CR/ES 25-0258901/22/25 |
|---|
| 23 | 23 | | State of Minnesota |
|---|
| 24 | 24 | | This Document can be made available |
|---|
| 25 | 25 | | in alternative formats upon request |
|---|
| 26 | 26 | | HOUSE OF REPRESENTATIVES |
|---|
| 27 | 27 | | H. F. No. 1988 |
|---|
| 28 | 28 | | NINETY-FOURTH SESSION |
|---|
| 29 | 29 | | Authored by Engen and Norris03/06/2025 |
|---|
| 30 | 30 | | The bill was read for the first time and referred to the Committee on Education Finance 2.1 Subd. 2.General education aid.(a) For general education aid under Minnesota Statutes, |
|---|
| 31 | 31 | | 2.2section 126C.13, subdivision 4: |
|---|
| 32 | 32 | | 2026............2.3 $ |
|---|
| 33 | 33 | | 2027............2.4 $ |
|---|
| 34 | 34 | | 2.5 (b) The 2026 appropriation includes $....... for 2025 and $....... for 2026. |
|---|
| 35 | 35 | | 2.6 (c) The 2027 appropriation includes $....... for 2026 and $....... for 2027. |
|---|
| 36 | 36 | | 2Sec. 2. |
|---|
| 37 | 37 | | REVISOR CR/ES 25-0258901/22/25 |
|---|