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MN SF505
Bill
Status
1/23/2023
Primary Sponsor
Eric Lucero
Click for details
AI Summary
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Creates general education disparity aid for school districts (excluding charter schools) with adjusted net tax capacity per adjusted pupil unit or referendum market value per resident pupil unit below the 20th percentile of districts.
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Calculates disparity aid allowance at 0.7 times the difference between the 20th percentile district's general education revenue per adjusted pupil unit and the eligible district's revenue per adjusted pupil unit (excluding referendum revenue).
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District's general education disparity aid equals the allowance multiplied by adjusted pupil units, effective for fiscal year 2024 and later.
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Appropriates unspecified amounts from the general fund to the Department of Education for fiscal years 2024 and 2025.
Legislative Description
New source of state aid for school districts with low general education revenue and low property wealth per pupil establishment and appropriation
Last Action
Referred to Education Finance
1/23/2023