as introduced - 90th Legislature (2017 - 2018) Posted on 03/03/2017 09:31am
A bill for an act
relating to education finance; increasing the basic formula allowance by two percent
per year; appropriating money; amending Minnesota Statutes 2016, section
126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, 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 begin The formula allowance for fiscal year
2015 is $5,831. The formula allowance for fiscal year 2016 is $5,948.deleted text end The formula allowance
for fiscal year 2017 deleted text begin and laterdeleted text end is $6,067.new text begin The formula allowance for fiscal year 2018 is $6,188.
The formula allowance for fiscal year 2019 and later is $6,312.
new text end