as introduced - 91st Legislature (2019 - 2020) Posted on 03/27/2019 01:21pm
A bill for an act
relating to education finance; increasing state aid for the operating referendum
program; appropriating money; amending Minnesota Statutes 2018, section
126C.17, subdivision 6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2018, section 126C.17, subdivision 6, is amended to read:
(a) A district's referendum equalization levy
equals the sum of the first tier referendum equalization levy, the second tier referendum
equalization levy, and the third 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 pupil unit to deleted text begin $880,000deleted text end new text begin $920,000new 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 pupil unit to deleted text begin $510,000deleted text end new text begin $740,000new text end .
(d) A district's third tier referendum equalization levy equals the district's third tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident pupil unit to $290,000.
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This section is effective for revenue for fiscal year 2021 and later.
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The sums indicated in this section are
appropriated from the general fund to the Department of Education in the fiscal year
designated.
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For additional general
education aid for the operating referendum revenue program under Minnesota Statutes,
section 126C.17:
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$ new text end |
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2021 new text end |