MN SF2095

Modifies Minnesota Statutes 2016, section 123B.53, subdivision 4 to adjust the second tier debt service equalization revenue levy rate from 26.24 percent to 16.5 percent for fiscal year 2019 and later.

Updates Minnesota Statutes 2016, section 126C.17, subdivision 6 to increase the second tier referendum equalization levy threshold from $510,000 to $600,000 per resident pupil unit for fiscal year 2019 and later.

Increases the third tier referendum equalization levy threshold from $290,000 to $400,000 per resident pupil unit for fiscal year 2019 and later.

Changes to second and third tier thresholds become effective for fiscal years 2017 and 2018 at existing rates, then increase to new rates for fiscal year 2019 and beyond.