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MN SF1416

Bill

Official Source

Status

Introduced

2/25/2021

Primary Sponsor

Roger Chamberlain

Click for details

Origin

Senate

92nd Legislature 2021-2022

AI Summary

  • Removes obsolete fiscal year 2020 language regarding local optional revenue calculation of $424 times adjusted pupil units
  • Establishes two-tier local optional revenue system for fiscal year 2021 and later: first tier of $300 times adjusted pupil units and second tier of $424 times adjusted pupil units
  • Sets different referendum market value thresholds for each tier: first tier uses $880,000 per resident pupil unit threshold while second tier uses $510,000 threshold
  • Maintains local optional aid calculation as the difference between local optional revenue and local optional levy, with proportional aid reduction if districts levy less than permitted amounts
  • Allows school districts to levy less than the maximum permitted amount

Legislative Description

Education finance local optional revenue clarification

Last Action

Comm report: To pass and re-referred to Finance

3/18/2021

Committee Referrals

Finance3/18/2021
Education Finance and Policy2/25/2021

Full Bill Text

No bill text available