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MN SF4127
Bill
Status
Introduced
3/21/2022
Primary Sponsor
Steve Cwodzinski
Click for details
AI Summary
- Creates a third tier of local optional revenue for school districts, calculated as the lesser of $362 times adjusted pupil units or the difference between statewide average general fund aid per pupil unit and the district's general fund state aid per pupil unit from two years prior
- First tier local optional revenue remains at $300 times adjusted pupil units; second tier remains at $424 times adjusted pupil units
- Sets second tier local optional levy threshold at $548,842 per resident pupil unit for fiscal year 2023, reverting to $510,000 for fiscal year 2024 and later
- Appropriates an unspecified amount from the general fund to the Department of Education in fiscal year 2023 for additional general education aid required by this bill
- Effective for fiscal year 2023 and later
Legislative Description
Third tier of local optional revenue creation and appropriation
Last Action
Referred to Education Finance and Policy
3/21/2022
Committee Referrals
Education Finance and Policy3/21/2022
Full Bill Text
No bill text available