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MN SF2306
Bill
Status
Introduced
4/3/2017
Primary Sponsor
Greg Clausen
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AI Summary
- Increases the basic formula allowance for school districts by 2.5 percent per year
- Sets formula allowance at $6,067 for fiscal year 2017, $6,219 for fiscal year 2018, and $6,374 for fiscal year 2019 and later
- Basic revenue for each district is calculated by multiplying the formula allowance by adjusted pupil units for the school year
- Appropriates money to fund the increased formula allowance amounts
- Amends Minnesota Statutes 2016, section 126C.10, subdivision 2
Legislative Description
Education finance basic formula allowance increase and appropriation
Last Action
Referred to E-12 Finance
4/3/2017
Committee Referrals
E-12 Finance4/3/2017
Full Bill Text
No bill text available