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MN SF2558

Bill

Status

Introduced

3/26/2012

Primary Sponsor

Claire Robling

Click for details

Origin

Senate

87th Legislature 2011-2012

AI Summary

  • Updates equalizing factors and threshold rates for school district levies to reflect changes in adjusted net tax capacity, with effective dates for taxes payable in 2012 and later.

  • Adjusts debt service equalization aid appropriations: FY 2012 increased to $21,727,000 and FY 2013-2015 increased to $24,201,000 from previous forecast amounts.

  • Modifies education appropriations across multiple categories including general education, charter schools, special education, facilities, nutrition, and early childhood programs based on February forecast adjustments.

  • Reduces human services appropriations by $274,134,000 in FY 2012 and $250,688,000 in FY 2013, primarily affecting Medical Assistance grants, MFIP grants, and MinnesotaCare programs.

  • Makes technical updates to Minnesota Statutes sections governing school finance calculations, including changes to debt service levy rates, health and safety levy thresholds, deferred maintenance levy limits, and capital loan eligibility percentages.

Legislative Description

Education finance technical updates, education and human services budget forecast adjustments

Last Action

HF substituted on General Orders HF2967

4/25/2012

Committee Referrals

Finance3/26/2012

Full Bill Text

No bill text available