MN SF1345

Creates a seasonal recreational equalization aid component for school districts, effective for fiscal year 2013 and later.

Calculates equalization aid as the district's initial referendum levy minus the lesser of: 50 percent of per pupil referendum revenue or the district's seasonal recreational local share revenue, capped at $250 per pupil unit.

Defines seasonal recreational local share revenue as 50 percent of the total amount levied in the previous taxes payable year on seasonal recreational property within the district.

Establishes net referendum levy as the district's initial referendum levy reduced by the amount of seasonal recreational equalization aid provided.