as introduced - 93rd Legislature (2023 - 2024) Posted on 01/05/2023 09:53am
A bill for an act
relating to education finance; establishing the funding for success incentive aid
program; appropriating money; proposing coding for new law in Minnesota
Statutes, chapter 124D.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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The funding for success
program is established to provide outcome-based incentive aid to schools that demonstrate
success through metrics on graduation rates and recent graduate enrollment success rates.
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(a) "Graduation rate multiplier" is determined by the
percentage above 90 percent of students at a school who meet graduation requirements
under section 120B.02, subdivision 2. Graduation rate data must be measured for the two
preceding academic years. Each percentage point above 90 percent is worth a 0.1 multiplier,
with a 90 percent graduation rate being zero and 100 percent graduation rate being one.
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(b) "Recent graduate enrollment success rate multiplier" is determined by the percentage
of a school's recent graduates who are enrolled in a public college or university with in-state
tuition status who are not taking any remedial academic courses. Recent graduates are
students who graduated in the two preceding academic years. Recent graduate enrollment
success data must be measured for the two preceding academic years. Each percentage point
above 90 percent is worth a 0.1 multiplier, with a 90 percent recent graduate enrollment
rate without any remedial academic courses being zero and 100 percent graduation rate
being one.
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(a) A school's funding for success incentive aid for fiscal
year 2024 and later equals the ratio of:
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(1) the product of: (i) the sum of the graduation rate multiplier under subdivision 2,
paragraph (a), plus the recent graduate enrollment success rate multiplier under subdivision
2, paragraph (b); times (ii) the total enrollment of the school; and
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(2) the total amount of funding for success incentive aid available to all schools.
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(b) A school that does not meet either metric in subdivision 2 for having a graduation
rate multiplier or recent graduate enrollment success rate multiplier above zero may not
receive any funding for success incentive aid.
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The sums indicated in this section are
appropriated from the general fund to the Department of Education for the fiscal years
designated.
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(a) For funding for success incentive aid
under Minnesota Statutes, section 124D.701:
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$ new text end |
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....... new text end |
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..... new text end |
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2024 new text end |
|
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$ new text end |
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....... new text end |
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..... new text end |
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2025 new text end |
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(b) The base for fiscal year 2026 is $.......
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This section is effective for the 2024-2025 school year and later.
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