Loading chat...
MN SF1601
Bill
Status
Introduced
2/13/2023
Primary Sponsor
John Hoffman
Click for details
AI Summary
- Amends Minnesota Statutes 126C.17, subdivision 6 to change the first tier referendum equalization levy calculation from a fixed $567,000 threshold to 150 percent of the operating referendum market value equalizing factor
- The operating referendum market value equalizing factor is calculated by dividing the total referendum market value of all school districts in the state by the total number of resident pupil units in the state from the prior year
- Maintains the second tier referendum equalization levy at the current $290,000 threshold
- Appropriates unspecified funds from the general fund to the Department of Education for additional general education aid in fiscal year 2025
- Effective for revenue in fiscal year 2025 and later
Legislative Description
Operating referendum program equalization aid increase; property tax levies decrease; appropriating money
Last Action
Referred to Education Finance
2/13/2023
Committee Referrals
Education Finance2/13/2023
Full Bill Text
No bill text available