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SF 724

as introduced - 89th Legislature (2015 - 2016) Posted on 02/13/2015 08:50am

KEY: stricken = removed, old language. underscored = added, new language.

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Current Version - as introduced

A bill for an act
relating to education finance; increasing local optional revenue;amending
Minnesota Statutes 2014, sections 126C.10, subdivision 2e; 126C.17, subdivision
1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 126C.10, subdivision 2e, is amended to
read:


Subd. 2e.

Local optional revenue.

(a) Local optional revenue for a school district
equals $424 $450 times the adjusted pupil units of the district for that school year, unless
any territory of that school district is located in a Minnesota county included in the
Minneapolis-St. Paul-Bloomington Metropolitan Statistical Area delineated in 2009 by
the United States Census Bureau, in which case, local optional revenue equals $500 times
the adjusted pupil units of the district for that school year
.

(b) A district's local optional levy equals its local optional revenue times the lesser
of one or the ratio of its referendum market value per resident pupil unit to $510,000.
The local optional revenue levy must be spread on referendum market value. A district
may levy less than the permitted amount.

(c) A district's local optional aid equals its local optional revenue less its local
optional levy, times the ratio of the actual amount levied to the permitted levy.

EFFECTIVE DATE.

This section is effective for revenue for fiscal year 2017
and later.

Sec. 2.

Minnesota Statutes 2014, section 126C.17, subdivision 1, is amended to read:


Subdivision 1.

Referendum allowance.

(a) For fiscal year 2017 and later, a
district's initial referendum allowance equals the result of the following calculations: its
referendum allowance for fiscal year 2016.

(1) multiply the referendum allowance the district would have received for fiscal
year 2015 under Minnesota Statutes 2012, section 126C.17, subdivision 1, based on
elections held before July 1, 2013, by the resident marginal cost pupil units the district
would have counted for fiscal year 2015 under Minnesota Statutes 2012, section 126C.05;

(2) add to the result of clause (1) the adjustment the district would have received
under Minnesota Statutes 2012, section 127A.47, subdivision 7, paragraphs (a), (b), and
(c), based on elections held before July 1, 2013;

(3) divide the result of clause (2) by the district's adjusted pupil units for fiscal
year 2015;

(4) add to the result of clause (3) any additional referendum allowance per adjusted
pupil unit authorized by elections held between July 1, 2013, and December 31, 2013;

(5) add to the result in clause (4) any additional referendum allowance resulting from
inflation adjustments approved by the voters prior to January 1, 2014;

(6) subtract from the result of clause (5), the sum of a district's actual local optional
levy and local optional aid under section 126C.10, subdivision 2e, divided by the adjusted
pupil units of the district for that school year; and

(7) if the result of clause (6) is less than zero, set the allowance to zero.

(b) A district's referendum allowance equals the sum of the district's initial
referendum allowance, plus any additional referendum allowance per adjusted pupil
unit authorized between January 1, 2014, and December 31, 2014, but not yet effective
for fiscal year 2016,
plus any additional referendum allowance per adjusted pupil unit
authorized after December 31, 2013 2014, minus any allowances expiring in fiscal year
2016 2017 or later, provided that the allowance may not be less than zero. For a district
with more than one referendum allowance for fiscal year 2015 under Minnesota Statutes
2012, section 126C.17, the allowance calculated under paragraph (a), clause (3), must be
divided into components such that the same percentage of the district's allowance expires
at the same time as the old allowances would have expired under Minnesota Statutes
2012, section 126C.17. For a district with more than one allowance for fiscal year 2015
that expires in the same year, the reduction under paragraph (a), clause (6), to offset local
optional revenue shall be made first from any allowances that do not have an inflation
adjustment approved by the voters.

EFFECTIVE DATE.

This section is effective July 1, 2015, and applies to revenue
for fiscal year 2017 and later.

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