Minnesota Legislature
SF 1820
as introduced - 90th Legislature (2017 - 2018) Posted on 03/08/2017 09:17am
Current Version - as introduced
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A bill for an act
relating to education finance; increasing the general education formula allowance;
amending Minnesota Statutes 2016, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2016, section 126C.10, subdivision 2, is amended to read:
Subd. 2.
Basic revenue.
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
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue in fiscal year 2018 and later.
new text end