MN SF2414

Amends Minnesota Statutes section 126C.17, subdivision 6, to create a special calculation for referendum equalization levy for special school districts located wholly outside the boundaries of a city of the first class.

Establishes referendum equalization levy for qualifying special school districts using their referendum market value per resident pupil unit compared to $1,000,000, instead of the standard three-tier calculation used for other districts.

Appropriates $405,000 from the general fund in fiscal year 2019 to the commissioner of education for additional operating referendum equalization aid.

Effective for revenue for fiscal year 2019 and later.

Shifts funding from local property tax levies to state aid for qualifying special school districts by increasing the equalization calculation threshold.