Minnesota Legislature
HF 2274
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Bill Text Versions
| Engrossments | ||
|---|---|---|
| Introduction | Posted on 04/04/2005 |
Current Version - as introduced
1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17 1.18 1.19 1.20 1.21 1.22 1.23 1.24 1.25 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 2.25 2.26
2.27
2.28 2.29 2.30 2.31 2.32 2.33 2.34 2.35 2.36 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 3.23 3.24 3.25 3.26 3.27 3.28 3.29 3.30 3.31 3.32
3.33
3.34 3.35 3.36 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 4.13
4.14
A bill for an act
relating to education finance; increasing the
referendum revenue allowance; amending Minnesota
Statutes 2004, section 126C.17, subdivisions 2, 5, 7.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2004, section 126C.17,
subdivision 2, is amended to read:
Subd. 2.
Referendum allowance limit.
(a) deleted text begin Notwithstanding
subdivision 1, for fiscal year 2003, a district's referendum
allowance must not exceed the greater of:
deleted text end
deleted text begin
(1) the sum of a district's referendum allowance for fiscal
year 1994 times 1.162 plus its referendum conversion allowance
for fiscal year 2003, minus $415;
deleted text end
deleted text begin
(2) 18.2 percent of the formula allowance;
deleted text end
deleted text begin
(3) for a newly reorganized district created on July 1,
2002, the referendum revenue authority for each reorganizing
district in the year preceding reorganization divided by its
resident marginal cost pupil units for the year preceding
reorganization, minus $415; or
deleted text end
deleted text begin
(4) for a newly reorganized district created after July 1,
2002, the referendum revenue authority for each reorganizing
district in the year preceding reorganization divided by its
resident marginal cost pupil units for the year preceding
reorganization.
deleted text end
deleted text begin
(b) deleted text end Notwithstanding subdivision 1, for fiscal year deleted text begin 2004
deleted text end new text begin
2007 new text end and later, a district's referendum allowance must not
exceed the greater of:
(1) the sum of: (i) a district's referendum allowance for
fiscal year 1994 times 1.177 times the annual inflationary
increase as calculated under paragraph (c) plus (ii) its
referendum conversion allowance for fiscal year 2003, minus
(iii) $415;
(2) the greater of (i) deleted text begin 18.6 deleted text end new text begin 28 new text end percent of the formula
allowance or (ii) deleted text begin $855.79 deleted text end new text begin $1,288 new text end times the annual inflationary
increase as calculated under paragraph (c); or
(3) for a newly reorganized district created after July 1,
deleted text begin
2002 deleted text end new text begin 2006new text end , the referendum revenue authority for each
reorganizing district in the year preceding reorganization
divided by its resident marginal cost pupil units for the year
preceding reorganization.
deleted text begin
(c) deleted text end new text begin (b) new text end For purposes of this subdivision, for fiscal year
2005 and later, "inflationary increase" means one plus the
percentage change in the Consumer Price Index for urban
consumers, as prepared by the United States Bureau of Labor
Standards, for the current fiscal year to fiscal year 2004. deleted text begin For
fiscal years 2009 and later, for purposes of paragraph (b),
clause (1), the inflationary increase equals the inflationary
increase for fiscal year 2008 plus one-fourth of the percentage
increase in the formula allowance for that year compared with
the formula allowance for fiscal year 2008.
deleted text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for
fiscal year 2007.
new text end
Sec. 2.
Minnesota Statutes 2004, 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) deleted text begin For fiscal years 2003 and 2004, a district's first tier
referendum equalization allowance equals the lesser of the
district's referendum allowance under subdivision 1 or $126.
For fiscal year 2005, a district's first tier referendum
equalization allowance equals the lesser of the district's
referendum allowance under subdivision 1 or $405.deleted text end For fiscal
year 2006 and later, a district's first tier referendum
equalization allowance equals the lesser of the district's
referendum allowance under subdivision 1 or $500.
(d) 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.
(e) new text begin For fiscal year 2006,new text end 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. new text begin 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 28 percent of the formula
allowance, minus the district's first tier referendum
equalization allowance.
new text end
(f) Notwithstanding paragraph (e), 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 2007.
new text end
Sec. 3.
Minnesota Statutes 2004, section 126C.17,
subdivision 7, is amended to read:
Subd. 7.
Referendum equalization aid.
(a) A district's
referendum equalization aid equals the difference between its
referendum equalization revenue and levy.
(b) If a district's actual levy for first or second tier
referendum equalization revenue is less than its maximum levy
limit for that tier, aid shall be proportionately reduced.
(c) Notwithstanding paragraph (a), the referendum
equalization aid for a district, where the referendum
equalization aid under paragraph (a) exceeds 90 percent of the
referendum revenue, must not exceed deleted text begin 18.6 deleted text end new text begin 28 new text end percent of the
formula allowance times the district's resident deleted text begin marginal cost
deleted text end
pupil units. A district's referendum levy is increased by the
amount of any reduction in referendum aid under this paragraph.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for
fiscal year 2007.
new text end