MN SF3945

Renames the "local optional revenue" program to "local education revenue" throughout Minnesota Statutes, with corresponding changes to "local education aid" and "local education levy"

Consolidates the two-tier local optional revenue structure into a single formula based on a local education allowance of $979 per pupil unit for fiscal year 2027, multiplied by the district's geographic cost index and adjusted pupil units

Eliminates the previous second tier local optional revenue of $424 per adjusted pupil unit that existed separately from the first tier

Increases charter school general education revenue by $132 per adjusted pupil unit starting in fiscal year 2027

Appropriates an unspecified amount from the general fund to the Department of Education for fiscal year 2027 to cover additional general education aid costs