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MN HF4828
Bill
Status
Introduced
3/11/2024
Primary Sponsor
Cheryl Youakim
Click for details
AI Summary
- Amends Minnesota Statutes section 127A.51 to modify the definition of "adjusted general revenue" used in education finance calculations
- Changes the definition to include basic revenue, referendum revenue, local optional revenue, and equity revenue under subdivision 24 (removing references to subdivisions 24a and 24b)
- Requires the commissioner to estimate statewide average adjusted general revenue per pupil unit by December 1 each year and measure disparity using the ratio of the 95th percentile to the fifth percentile
- Mandates the commissioner recommend options to limit disparity in adjusted general revenue if it increases year-to-year, with recommendations submitted to education committees by February 1
- Effective date is July 1, 2024
Legislative Description
Definition of adjusted general revenue modified.
Last Action
Committee report, to adopt and re-refer to Taxes
3/21/2024
Committee Referrals
Taxes3/21/2024
Education Finance3/11/2024
Full Bill Text
No bill text available