Loading chat...
MN SF2558
Bill
Status
3/26/2012
Primary Sponsor
Claire Robling
Click for details
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