as introduced - 90th Legislature (2017 - 2018) Posted on 02/22/2018 08:26am
A bill for an act
relating to education finance; clarifying the calculation of general education aid;
amending Minnesota Statutes 2016, section 126C.13, subdivision 4.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 126C.13, subdivision 4, is amended to read:
deleted text begin For fiscal year 2015 and later,deleted text end A district's general
education aid equals:
(1) general education revenue, excluding operating capital revenue, equity revenue, local
optional revenue, and transition revenuedeleted text begin , minus the student achievement levy, multiplied
times the ratio of the actual amount of student achievement levy levied to the permitted
student achievement levydeleted text end ; plus
(2) operating capital aid under section 126C.10, subdivision 13b;
(3) equity aid under section 126C.10, subdivision 30; plus
(4) transition aid under section 126C.10, subdivision 33; plus
(5) shared time aid under section 126C.10, subdivision 7; plus
(6) referendum aid under section 126C.17, subdivisions 7 and 7a; plus
(7) online learning aid under section 124D.096; plus
(8) local optional aid according to section 126C.10, subdivision 2d, paragraph (d).
new text begin
This section is effective for fiscal year 2019 and later.
new text end