Minnesota Legislature
SF 2384
as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:36pm
Current Version - as introduced
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A bill for an act
relating to education finance; increasing the referendum equalizing factor;
eliminating the second tier of referendum equalization; amending Minnesota
Statutes 2008, section 126C.17, subdivisions 5, 6, 7.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2008, section 126C.17, subdivision 5, is amended to read:
Subd. 5.
Referendum equalization revenue.
(a) For fiscal deleted text begin yeardeleted text end new text begin years new text end 2003 deleted text begin and
laterdeleted text end new text begin through 2011new text end , a district's referendum equalization revenue equals the sum of the
first tier referendum equalization revenue and the second tier referendum equalization
revenue.new text begin For fiscal year 2012 and later, a district's referendum equalization revenue equals
the referendum equalization allowance times the district's resident marginal cost pupil
units for that year.
new text end
(b) new text begin For fiscal years 2010 and 2011, new text end a district's first tier referendum equalization
revenue equals the district's first tier referendum equalization allowance times the district's
resident marginal cost pupil units for that year.
(c) deleted text begin For fiscal year 2006, a district's first tier referendum equalization allowance
equals the lesser of the district's referendum allowance under subdivision 1 or $500. For
fiscal year 2007, a district's first tier referendum equalization allowance equals the lesser
of the district's referendum allowance under subdivision 1 or $600.
deleted text end
For fiscal deleted text begin yeardeleted text end new text begin years new text end 2008 deleted text begin and laterdeleted text end new text begin through 2011new text end , a district's first tier referendum
equalization allowance equals the lesser of the district's referendum allowance under
subdivision 1 or $700.
(d) new text begin For fiscal years 2010 and 2011, new text end a district's second tier referendum equalization
revenue equals the district's second tier referendum equalization allowance times the
district's resident marginal cost pupil units for that year.
(e) new text begin For fiscal year 2012 and later, the referendum equalization allowance equals $700.
new text end
new text begin (f) new text end For fiscal year 2006, a district's second tier referendum equalization allowance
equals the lesser of the district's referendum allowance under subdivision 1 or 18.6
percent of the formula allowance, minus the district's first tier referendum equalization
allowance. For fiscal deleted text begin yeardeleted text end new text begin years new text end 2007 deleted text begin and laterdeleted text end new text begin through 2011new text end , a district's second tier
referendum equalization allowance equals the lesser of the district's referendum allowance
under subdivision 1 or 26 percent of the formula allowance, minus the district's first tier
referendum equalization allowance.new text begin For fiscal year 2012 and later, a district's referendum
equalization allowance equals the lesser of the district's referendum allowance under
subdivision 1 or 26 percent of the formula allowance.
new text end
deleted text begin (f)deleted text end new text begin (g) new text end Notwithstanding paragraph deleted text begin (e)deleted text end new text begin (f), for fiscal years 2010 and 2011new text end , the second
tier referendum allowance for a district qualifying for secondary sparsity revenue under
section 126C.10, subdivision 7, or elementary sparsity revenue under section 126C.10,
subdivision 8, equals the district's referendum allowance under subdivision 1 minus the
district's first tier referendum equalization allowance.new text begin Notwithstanding paragraph (f), for
fiscal year 2012 and later, the referendum equalization allowance for a district qualifying
for secondary sparsity revenue under section 126C.10, subdivision 7, or elementary
sparsity revenue under section 126C.10, subdivision 8, equals the district's referendum
allowance under subdivision 1.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2012
and later.
new text end
Sec. 2.
Minnesota Statutes 2008, section 126C.17, subdivision 6, is amended to read:
Subd. 6.
Referendum equalization levy.
(a) For fiscal deleted text begin yeardeleted text end new text begin years new text end 2003 deleted text begin and laterdeleted text end new text begin
through 2011new text end , a district's referendum equalization levy equals the sum of the first tier
referendum equalization levy and the second tier referendum equalization levy.
(b) A district's first tier referendum equalization levy equals the district's first tier
referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident marginal cost pupil unit to $476,000.
(c) A district's second tier referendum equalization levy equals the district's second
tier referendum equalization revenue times the lesser of one or the ratio of the district's
referendum market value per resident marginal cost pupil unit to $270,000.
new text begin
(d) For fiscal year 2012 and later, a district's referendum equalization levy equals
the district's referendum equalization revenue times the lesser of one or the ratio of the
district's referendum market value per resident marginal cost pupil unit to $1,000,000.
new text end
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2012
and later.
new text end
Sec. 3.
Minnesota Statutes 2008, section 126C.17, subdivision 7, is amended to read:
Subd. 7.
Referendum equalization aid.
(a) A district's referendum equalization aid
equals the difference between its referendum equalization revenue and levy.
(b) new text begin For fiscal years 2010 and 2011 only, new text end if a district's actual levy for first or second
tier referendum equalization revenue is less than its maximum levy limit for that tier, aid
shall be proportionately reduced.new text begin For fiscal year 2012 and later, if a district's actual levy
for referendum equalization revenue is less than its maximum levy limit, aid shall be
proportionately reduced.
new text end
(c) Notwithstanding paragraph (a), the referendum equalization aid for a district,
where the referendum equalization aid under paragraph (a) exceeds 90 percent of the
referendum revenue, must not exceed 26 percent of the formula allowance times the
district's resident marginal cost pupil units. A district's referendum levy is increased by the
amount of any reduction in referendum aid under this paragraph.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for revenue for fiscal year 2012
and later.
new text end