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MN SF2244

Bill

Official Source

Status

Introduced

3/6/2025

Primary Sponsor

Rob Kupec

Click for details

Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Increases the first tier referendum equalization levy threshold from $567,000 to $1,500,000 per resident pupil unit in referendum market value
  • Increases the second tier referendum equalization levy threshold from $290,000 to $870,000 per resident pupil unit in referendum market value
  • Changes take effect for revenue in fiscal year 2027 and later
  • Appropriates general fund money to the Department of Education for general education aid in fiscal years 2026 and 2027 (specific dollar amounts not yet specified in the bill)
  • Amends Minnesota Statutes 2024, section 126C.17, subdivision 6

Legislative Description

Referendum levy equalizing factors increase provision and appropriation

Last Action

Author added Lucero

3/13/2025

Committee Referrals

Education Finance3/6/2025

Full Bill Text

No bill text available