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MN SF100
Bill
Status
1/9/2023
Primary Sponsor
Matt Klein
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AI Summary
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Amends Minnesota Statutes section 126C.17, subdivision 6, to modify referendum equalization levy calculations for special school districts located wholly outside first-class city boundaries.
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Increases the referendum market value per resident pupil unit threshold from $290,000 to $1,000,000 for qualifying special school districts, effectively increasing state aid share and decreasing local property tax levy share.
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Appropriates $803,000 in fiscal year 2024 from the general fund to the commissioner of education for additional operating referendum equalization aid.
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Changes are effective for revenue in fiscal year 2024 and later.
Legislative Description
Property tax levy share decrease and state aid share increase of operating referendum revenue for qualifying special school districts
Last Action
Referred to Education Finance
1/9/2023