as introduced - 88th Legislature (2013 - 2014) Posted on 03/14/2013 02:29pm
|Introduction||Posted on 03/14/2013|
A bill for an act
relating to education finance; increasing the formula allowance; amending
Minnesota Statutes 2012, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2012, section 126C.10, subdivision 2, is amended to read:
The basic revenue for each district equals the formula
allowance times the adjusted marginal cost pupil units for the school year. deleted text beginThe formula
allowance for fiscal year 2011 is $5,124. The formula allowance for fiscal year 2012 is
$5,174.deleted text end The formula allowance for fiscal year 2013 deleted text beginand subsequent yearsdeleted text end is $5,224.
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