as introduced - 89th Legislature (2015 - 2016) Posted on 03/08/2016 04:36pm
A bill for an act
relating to education finance; increasing the general education basic revenue
allowance by one percent for fiscal year 2017; amending Minnesota Statutes
2015 Supplement, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2015 Supplement, section 126C.10, subdivision 2, is
amended to read:
The basic revenue for each district equals the formula
allowance times the adjusted pupil units for the school year. deleted text beginThe formula allowance for
fiscal year 2015 is $5,831.deleted text end The formula allowance for fiscal year 2016 is $5,948. The
formula allowance for fiscal year 2017 and later is deleted text begin$6,067deleted text endnew text beginnew text end.
new text begin new text end