Minnesota 2025-2026 Regular Session

Minnesota House Bill HF409 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to education finance; increasing local optional revenue; increasing the aid
3	3	1.3 amount; appropriating money; amending Minnesota Statutes 2024, section 126C.10,
4	4	1.4 subdivision 2e.
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.10, subdivision 2e, is amended to read:
7	7	1.7 Subd. 2e.Local optional revenue.(a) A school district's first tier local optional allowance
8	8	1.8for fiscal year 2026 equals $250. For fiscal year 2027 and later, the first tier local optional
9	9	1.9allowance equals:
10	10	1.10 (1) the sum of the local optional allowances for the previous year times the ratio of the
11	11	1.11general education basic formula allowance for the current year to the general education
12	12	1.12basic formula allowance for the previous year; less
13	13	1.13 (2) $724.
14	14	1.14 (b) For fiscal year 2026 and later, a district's second tier local optional allowance equals
15	15	1.15$300.
16	16	1.16 (c) For fiscal year 2026 and later, a district's third tier local optional allowance equals
17	17	1.17$424.
18	18	1.18 (d) Local optional revenue for a school district equals the sum of the district's first tier
19	19	1.19local optional revenue and, second tier local optional revenue, and third tier local optional
20	20	1.20revenue. A district's first tier local optional revenue equals $300 the first tier local optional
21	21	1.21allowance times the adjusted pupil units of the district for that school year. A district's
22	22	1.22second tier local optional revenue equals the second tier local optional allowance times the
23	23	1Section 1.
24	24	REVISOR CR/DG 25-0158712/20/24
25	25	State of Minnesota
26	26	This Document can be made available
27	27	in alternative formats upon request
28	28	HOUSE OF REPRESENTATIVES
29	29	H. F. No. 409
30	30	NINETY-FOURTH SESSION
31	31	Authored by Myers and Bakeberg02/13/2025
32	32	The bill was read for the first time and referred to the Committee on Education Finance 2.1adjusted pupil units of the district for that school year. A district's second third tier local
33	33	2.2optional revenue equals $424 the third tier local optional allowance times the adjusted pupil
34	34	2.3units of the district for that school year.
35	35	2.4 (b) (e) A district's local optional levy equals the sum of the first second tier local optional
36	36	2.5levy and the second third tier local optional levy.
37	37	2.6 (c) (f) A district's first second tier local optional levy equals the district's first second
38	38	2.7tier local optional revenue times the lesser of one or the ratio of the district's referendum
39	39	2.8market value per resident pupil unit to $880,000.
40	40	2.9 (d) For fiscal year 2023, a district's second tier local optional levy equals the district's
41	41	2.10second tier local optional revenue times the lesser of one or the ratio of the district's
42	42	2.11referendum market value per resident pupil unit to $548,842. For fiscal year 2024, a district's
43	43	2.12second tier local optional levy equals the district's second tier local optional revenue times
44	44	2.13the lesser of one or the ratio of the district's referendum market value per resident pupil unit
45	45	2.14to $510,000. (g) For fiscal year 2025, a district's second third tier local optional levy equals
46	46	2.15the district's second third tier local optional revenue times the lesser of one or the ratio of
47	47	2.16the district's referendum market value per resident pupil unit to $626,450. For fiscal year
48	48	2.172026, a district's second third tier local optional levy equals the district's second third tier
49	49	2.18local optional revenue times the lesser of one or the ratio of the district's referendum market
50	50	2.19value per resident pupil unit to $642,038. For fiscal year 2027 and later, a district's second
51	51	2.20third tier local optional levy equals the district's second third tier local optional revenue
52	52	2.21times the lesser of one or the ratio of the district's referendum market value per resident
53	53	2.22pupil unit to $671,345.
54	54	2.23 (e) (h) The local optional levy must be spread on referendum market value. A district
55	55	2.24may levy less than the permitted amount.
56	56	2.25 (f) (i) A district's local optional aid equals its local optional revenue minus its local
57	57	2.26optional levy. If a district's actual levy for first or second or third tier local optional revenue
58	58	2.27is less than its maximum levy limit for that tier, its aid must be proportionately reduced.
59	59	2.28 EFFECTIVE DATE.This section is effective for revenue for fiscal year 2026 and later.
60	60	2.29 Sec. 2. APPROPRIATION; GENERAL EDUCATION AID.
61	61	2.30 Subdivision 1.Department of Education.The sums indicated in this section are
62	62	2.31appropriated from the general fund to the Department of Education in the fiscal years
63	63	2.32designated.
64	64	2Sec. 2.
65	65	REVISOR CR/DG 25-0158712/20/24 3.1 Subd. 2.Additional general education aid.For additional general education aid required
66	66	3.2under this act:
67	67	2026............3.3 $
68	68	2027............3.4 $
69	69	3Sec. 2.
70	70	REVISOR CR/DG 25-0158712/20/24