HF 2979

as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am

A bill for an act
relating to education finance; requiring a location equity revenue study.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin LOCATION EQUITY INDEX FORMULA.
new text end

new text begin Subdivision 1. new text end

new text begin Department of Education study. new text end

new text begin The Department of Education
must analyze cost differences among Minnesota's school districts based on market-based
wage rate differentials and develop a formula for a location equity revenue component of
general education revenue. The Department of Education must review cost of living and
wage differential education formulas in other states when developing this formula.
new text end

new text begin Subd. 2. new text end

new text begin Determination of regions. new text end

new text begin The department's study must develop a
methodology for determining geographic regions within Minnesota. If the regions are
based on county characteristics, the study must determine how regional data should be
treated for school districts split among two or more counties.
new text end

new text begin Subd. 3. new text end

new text begin Report. new text end

new text begin The department must submit its report to the governor and the
education committees of the legislature by November 1, 2008.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end