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MN SF1556

Bill

Official Source

Status

Introduced

2/27/2017

Primary Sponsor

Carla Nelson

Click for details

Origin

Senate

90th Legislature 2017-2018

AI Summary

  • Increases the basic formula allowance for school districts by two percent per year, amending Minnesota Statutes section 126C.10, subdivision 2
  • Sets formula allowance amounts for specific fiscal years: $6,067 for FY 2017, $6,188 for FY 2018, and $6,312 for FY 2019 and later
  • Basic revenue for each school district is calculated by multiplying the formula allowance by adjusted pupil units for the school year
  • Appropriates money to support the increased formula allowance payments to districts
  • Referred to the Senate E-12 Finance Committee for consideration

Legislative Description

Education funding basic formula allowance increase and appropriation

Last Action

Authors added Eichorn; Anderson, P.; Torres Ray

3/2/2017

Committee Referrals

E-12 Finance2/27/2017

Full Bill Text

No bill text available