Minnesota Legislature
HF 1849
as introduced - 89th Legislature (2015 - 2016) Posted on 03/12/2015 02:11pm
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A bill for an act
relating to education finance; increasing the general education basic formula
allowance; appropriating money; amending Minnesota Statutes 2014, section
126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2014, section 126C.10, subdivision 2, is amended to read:
Subd. 2.
Basic revenue.
deleted text begin For fiscal year 2014, the basic revenue for each district
equals the formula allowance times the adjusted marginal cost pupil units for the school
year.deleted text end For fiscal year 2015 and later, the basic revenue for each district equals the formula
allowance times the adjusted pupil units for the school year. deleted text begin The formula allowance for
fiscal year 2013 is $5,224. The formula allowance for fiscal year 2014 is $5,302.deleted text end The
formula allowance for fiscal year 2015 deleted text begin and laterdeleted text end is $5,831.new text begin The formula allowance for
fiscal year 2016 is $5,977. The formula allowance for fiscal year 2017 and later is $6,126.
new text end