Minnesota Legislature
HF 1643
as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 01:53am
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| Introduction | Posted on 03/11/2009 |
Current Version - as introduced
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A bill for an act
relating to education; modifying referendum revenue; amending Minnesota
Statutes 2008, sections 126C.01, by adding a subdivision; 126C.17, subdivisions
5, 6.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, 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 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 2009 and later.
new text end
Sec. 2.
Minnesota Statutes 2008, section 126C.17, subdivision 5, is amended to read:
Subd. 5.
Referendum equalization revenue.
(a) For fiscal year 2003 and later,
a district's referendum equalization revenue equals the sum of the first tier referendum
equalization revenue and the second tier referendum equalization revenue.
(b) A district's first tier referendum equalization revenue equals the district's first
tier referendum equalization allowance times the district's resident marginal cost pupil
units for that year.
(c) For fiscal year 2006, a district's first tier referendum equalization allowance
equals the lesser of the district's referendum allowance under subdivision 1 or $500. For
fiscal year 2007, a district's first tier referendum equalization allowance equals the lesser
of the district's referendum allowance under subdivision 1 or $600.
deleted text begin For fiscal year 2008 and later,deleted text end new text begin (d) new text end A district's first tier referendum equalization
allowance equals the lesser of the district's referendum allowance under subdivision 1 or
deleted text begin $700deleted text end new text begin $1,000new text end .
deleted text begin (d)deleted text end new text begin (e)new text end A district's second tier referendum equalization revenue equals the district's
second tier referendum equalization allowance times the district's resident marginal cost
pupil units for that year.
deleted text begin (e)deleted text end new text begin (f)new text end For fiscal year 2006, a district's second tier referendum equalization allowance
equals the lesser of the district's referendum allowance under subdivision 1 or 18.6 percent
of the formula allowance, minus the district's first tier referendum equalization allowance.
For fiscal year 2007 and later, a district's second tier referendum equalization allowance
equals the lesser of the district's referendum allowance under subdivision 1 or 26 percent
of the formula allowance, minus the district's first tier referendum equalization allowance.
deleted text begin (f)deleted text end new text begin (g)new text end Notwithstanding paragraph deleted text begin (e)deleted text end new text begin (f)new text end , the second tier referendum allowance for a
district qualifying for secondary sparsity revenue under section 126C.10, subdivision 7, or
elementary sparsity revenue under section 126C.10, subdivision 8, equals the district's
referendum allowance under subdivision 1 minus the district's first tier referendum
equalization allowance.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2010
and later.
new text end
Sec. 3.
Minnesota Statutes 2008, 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 200 percent of
the statewide 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 $270,000.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2010
and later.
new text end