Minnesota Legislature
HF 680
as introduced - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
Bill Text Versions
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| Introduction | Posted on 02/05/2007 |
Current Version - as introduced
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A bill for an act
relating to education finance; indexing all school finance equalizing factors at
150 percent of the state average tax base per pupil; amending Minnesota Statutes
2006, sections 123B.53, subdivision 5; 123B.57, subdivision 4; 123B.591,
subdivision 3; 124D.135, subdivision 3; 124D.20, subdivision 5; 124D.22,
subdivision 3; 126C.01, by adding subdivisions; 126C.10, subdivisions 13a,
29, 32, 35; 126C.17, subdivision 6; repealing Minnesota Statutes 2006, section
124D.20, subdivision 6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2006, section 123B.53, subdivision 5, is amended to read:
Subd. 5.
Equalized debt service levy.
(a) The equalized debt service levy of a
district equals the sum of the first tier equalized debt service levy and the second tier
equalized debt service levy.
(b) A district's first tier equalized debt service levy equals the district's first tier debt
service equalization revenue times the lesser of one or the ratio of:
(1) the quotient derived by dividing the adjusted net tax capacity of the district for
the year before the year the levy is certified by the adjusted pupil units in the district for
the school year ending in the year prior to the year the levy is certified; to
(2) deleted text begin $3,200deleted text end new text begin 150 percent of the statewide adjusted net tax capacity equalizing factornew text end .
(c) A district's second tier equalized debt service levy equals the district's second tier
debt service equalization revenue times the lesser of one or the ratio of:
(1) the quotient derived by dividing the adjusted net tax capacity of the district for
the year before the year the levy is certified by the adjusted pupil units in the district for
the school year ending in the year prior to the year the levy is certified; to
(2) deleted text begin $8,000deleted text end new text begin 150 percent of the statewide adjusted net tax capacity equalizing factornew text end .
Sec. 2.
Minnesota Statutes 2006, section 123B.57, subdivision 4, is amended to read:
Subd. 4.
Health and safety levy.
To receive health and safety revenue, a district
may levy an amount equal to the district's health and safety revenue as defined in
subdivision 3 multiplied by the lesser of one, or the ratio of the quotient derived by
dividing the adjusted net tax capacity of the district for the year preceding the year the
levy is certified by the adjusted marginal cost pupil units in the district for the school year
to which the levy is attributable, to deleted text begin $2,935deleted text end new text begin 150 percent of the statewide adjusted net tax
capacity equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 3.
Minnesota Statutes 2006, section 123B.591, subdivision 3, is amended to read:
Subd. 3.
Deferred maintenance levy.
To obtain deferred maintenance revenue for
fiscal year 2008 and later, a district may levy an amount not more than the product of its
deferred maintenance revenue for the fiscal year times the lesser of one or the ratio of its
adjusted net tax capacity per adjusted marginal cost pupil unit to deleted text begin $5,900deleted text end new text begin 150 percent of
the statewide adjusted net tax capacity equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 4.
Minnesota Statutes 2006, section 124D.135, subdivision 3, is amended to read:
Subd. 3.
Early childhood family education levy.
deleted text begin For fiscal year 2001deleted text end To obtain
early childhood family education revenue, a district may levy an amount deleted text begin equal to the tax
rate of .5282 percent times the adjusted tax capacity of the district for the year preceding
the year the levy is certified. Beginning with levies for fiscal year 2002, by September
30 of each year, the commissioner shall establish a tax rate fordeleted text end new text begin not to exceed the product
of itsnew text end early childhood education revenue deleted text begin that raises $21,027,000 for fiscal year 2002 and
$22,135,000 in fiscal year 2003 and each subsequent year. If the amount of the early
childhood family education levy would exceed the early childhood family education
revenue, the early childhood family education levy must equal the early childhood family
education revenuedeleted text end new text begin for the fiscal year times the lesser of one or the ratio of its adjusted net
tax capacity per adjusted marginal cost pupil unit to 150 percent of the statewide adjusted
net tax capacity equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 5.
Minnesota Statutes 2006, section 124D.20, subdivision 5, is amended to read:
Subd. 5.
Total community education levy.
To obtain total community education
revenue, a district may levy deleted text begin thedeleted text end new text begin annew text end amount deleted text begin raised by a maximum tax rate of .9 percent
times the adjusted net tax capacity of the districtdeleted text end new text begin not to exceed the product of its total
community education revenue for the fiscal year times the lesser of one or the ratio of
its adjusted net tax capacity per adjusted marginal cost pupil unit to 150 percent of the
statewide adjusted net tax capacity equalizing factornew text end . deleted text begin If the amount of the total community
education levy would exceed the total community education revenue, the total community
education levy shall be determined according to subdivision 6.
deleted text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 6.
Minnesota Statutes 2006, section 124D.22, subdivision 3, is amended to read:
Subd. 3.
School-age care levy.
To obtain school-age care revenue, a school district
may levy an amount equal to the district's school-age care revenue as defined in subdivision
2 multiplied by the lesser of one, or the ratio of the quotient derived by dividing the
adjusted net tax capacity of the district for the year before the year the levy is certified by
the resident pupil units in the district for the school year to which the levy is attributable,
to deleted text begin $2,433deleted text end new text begin 150 percent of the statewide adjusted net tax capacity equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 7.
Minnesota Statutes 2006, section 126C.01, is amended by adding a subdivision
to read:
new text begin Subd. 2a. new text end
new text begin Adjusted net tax capacity equalizing factor. new text end
new text begin
The adjusted net tax
capacity equalizing factor equals the quotient derived by dividing the total adjusted net
tax capacity of all school districts in the state for the year before the year the levy is
certified by the total number of adjusted marginal cost pupil units in the state for the
current school year.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 8.
Minnesota Statutes 2006, section 126C.01, is amended by adding a subdivision
to read:
new text begin Subd. 3a. new text end
new text begin Referendum market value equalizing factor. new text end
new text begin
The referendum market
value equalizing factor equals the quotient derived by dividing the total referendum market
value of all school districts in the state for the year before the year the levy is certified by
the total number of resident marginal cost pupil units in the state for the current school year.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 9.
Minnesota Statutes 2006, section 126C.10, subdivision 13a, is amended to read:
Subd. 13a.
Operating capital levy.
To obtain operating capital revenue deleted text begin for fiscal
year 2007 and laterdeleted text end , a district may levy an amount not more than the product of its
operating capital revenue for the fiscal year times the lesser of one or the ratio of its
adjusted net tax capacity per adjusted marginal cost pupil unit to deleted text begin the operating capitaldeleted text end new text begin
150 percent of the statewide adjusted net tax capacitynew text end equalizing factor. deleted text begin The operating
capital equalizing factor equals $22,222 for fiscal year 2006, and $10,700 for fiscal year
2007 and later.
deleted text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 10.
Minnesota Statutes 2006, section 126C.10, subdivision 29, is amended to read:
Subd. 29.
Equity levy.
To obtain equity revenue for fiscal year 2005 and later,
a district may levy an amount not more than the product of its equity revenue for
the fiscal year times the lesser of one or the ratio of its referendum market value per
resident marginal cost pupil unit to deleted text begin $476,000deleted text end new text begin 150 percent of the referendum market
value equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 11.
Minnesota Statutes 2006, section 126C.10, subdivision 32, is amended to read:
Subd. 32.
Transition levy.
To obtain transition revenue deleted text begin for fiscal year 2005 and
laterdeleted text end , a district may levy an amount not more than the product of its transition revenue
for the fiscal year times the lesser of one or the ratio of its referendum market value per
resident marginal cost pupil unit to deleted text begin $476,000deleted text end new text begin 150 percent of the referendum market
value equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 12.
Minnesota Statutes 2006, section 126C.10, subdivision 35, is amended to read:
Subd. 35.
Alternative teacher compensation levy.
deleted text begin For fiscal year 2007 and later,deleted text end
The alternative teacher compensation levy for a district receiving basic alternative teacher
compensation aid equals the product of (1) the difference between the district's alternative
teacher compensation revenue and the district's basic alternative teacher compensation
aid times (2) the lesser of one or the ratio of the district's adjusted net tax capacity per
adjusted pupil unit to deleted text begin $5,913deleted text end new text begin 150 percent of the statewide adjusted net tax capacity
equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 13.
Minnesota Statutes 2006, section 126C.17, subdivision 6, is amended to read:
Subd. 6.
Referendum equalization levy.
(a) deleted text begin For fiscal year 2003 and later,deleted text end
A district's referendum equalization levy equals the sum of the first tier referendum
equalization levy and the second tier referendum equalization levy.
(b) A district's first tier referendum equalization levy equals the district's first tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident marginal cost pupil unit to deleted text begin $476,000deleted text end new text begin 150 percent of
the referendum market value equalizing factornew text end .
(c) A district's second tier referendum equalization levy equals the district's second
tier referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident marginal cost pupil unit to deleted text begin $270,000deleted text end new text begin 150 percent of
the referendum market value equalizing factornew text end .
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for taxes payable in 2008.
new text end
Sec. 14. new text begin REPEALER.
new text end
new text begin
Minnesota Statutes 2006, section 124D.20, subdivision 6,
new text end
new text begin
is repealed for taxes
payable in 2008.
new text end