HF3581 Summary

• Removes alternative teacher compensation revenue from the general education revenue formula effective for fiscal year 2012 and later, transferring that funding into the basic education revenue allowance.

• Increases the formula allowance for basic revenue from $5,124 (fiscal years 2009-2011) to $5,224 for fiscal year 2012 and subsequent years.

• Repeals Minnesota Statutes sections related to alternative teacher compensation programs (122A.414, 122A.415, 122A.416, 126C.10 subdivisions 35-36) and eliminates the alternative teacher compensation revenue line from general education revenue calculations.

• Makes the statutory changes effective for revenue for fiscal year 2012 and later, consolidating alternative teacher pay program funding into the main basic education revenue formula.