Loading chat...

MN HF718

Bill

Official Source

Status

Introduced

2/9/2015

Primary Sponsor

Jenifer Loon

Click for details

Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • Removes obsolete fiscal year 2014 and 2015 language from basic revenue formula allowance calculations, establishing formula allowance of $6,067 for fiscal year 2017 and later
  • Eliminates fiscal year 2014 compensatory education revenue calculation ($415 deduction) and establishes permanent $839 deduction for fiscal year 2015 and later
  • Removes obsolete "fiscal year 2015 and later" language from equity levy provisions, setting referendum market value per resident pupil unit threshold at $510,000
  • Removes obsolete "fiscal year 2004" transition aid language and establishes permanent calculation method for fiscal year 2005 onward based on transition revenue minus transition levy ratio
  • Clarifies that compensatory revenue follows current fiscal agent district for alternative programs and area learning centers when contracting changes before school year begins

Legislative Description

General education revenue technical corrections provided and obsolete language eliminated.

Last Action

Second reading

4/14/2016

Committee Referrals

Education Finance2/9/2015

Full Bill Text

No bill text available