MN SF1026

Amends charter school general education revenue calculation to exclude transportation sparsity revenue from the deduction formula, effective for fiscal year 2018 and later.

Changes charter school transportation aid from being calculated as a revenue product to receiving aid equal to their actual transportation revenue under the new pupil transportation cost revenue formula.

Establishes new "pupil transportation cost revenue" for school districts equal to the difference between their total transportation costs and the sum of 4.66 percent of basic revenue, transportation sparsity revenue, and charter school transportation adjustments.

Modifies general education revenue definition to change "transportation sparsity revenue" language to "transportation" revenue in the statutory calculation components.

All amendments effective for revenue for fiscal year 2018 and later.