MN HF3185

Expands school district eligibility for location equity revenue to include districts with any area in the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area as defined by the federal Office of Management and Budget, in addition to the existing seven-county metropolitan area requirement.

Maintains location equity revenue at $424 times adjusted pupil units for eligible metropolitan districts and $212 times adjusted pupil units for other districts with more than 2,000 pupils in adjusted average daily membership.

Requires a district's location equity levy to be calculated as revenue times the lesser of one or the ratio of referendum market value per resident pupil unit to $510,000, spread on referendum market value.

Allows school districts to opt out of the location equity revenue program through board vote prior to September 1, with notice to the commissioner specifying which fiscal years the district will not participate.

Takes effect for revenue for fiscal year 2015 and later.