Conference Committee Report - 85th Legislature (2007 - 2008) Posted on 12/15/2009 12:00am
A bill for an act
relating to education finance; increasing the general education basic formula
allowance by three percent per year; amending Minnesota Statutes 2006, section
126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2006, 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 2005 is $4,601. The formula allowance for fiscal year 2006 is
$4,783.deleted text end The formula allowance for fiscal year 2007new text beginnew text end and subsequent
years is deleted text begin$4,974deleted text endnew text beginnew text end.
new text begin new text end