MN SF2239

Increases the first tier local optional allowance for school districts from $300 to $550 per adjusted pupil unit beginning in fiscal year 2027

Establishes automatic annual adjustments for both first and second tier local optional allowances starting in fiscal year 2028, tied to changes in the general education basic formula allowance

Increases the first tier local optional equalizing factor from $880,000 to $1,957,000 in fiscal year 2027, rising to $2,347,000 by fiscal year 2029 and later

Increases the second tier local optional equalizing factor from $671,345 to $830,000 in fiscal year 2028 and $940,000 in fiscal year 2029 and later

Appropriates an unspecified amount from the general fund to the Department of Education for additional local optional aid beginning in fiscal year 2027