as introduced - 92nd Legislature (2021 - 2022) Posted on 02/18/2021 03:21pm
Engrossments | ||
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Introduction | Posted on 02/18/2021 |
A bill for an act
relating to education finance; increasing state aid for local optional revenue;
appropriating money; amending Minnesota Statutes 2020, section 126C.10,
subdivision 2e.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2020, section 126C.10, subdivision 2e, is amended to read:
(a) deleted text begin For fiscal year 2020, local optional revenue for
a school district equals $424 times the adjusted pupil units of the district for that school
year.deleted text end For fiscal deleted text begin yeardeleted text end new text begin yearsnew text end 2021 and deleted text begin laterdeleted text end new text begin 2022new text end , local optional revenue for a school district
equals the sum of the district's first tier local optional revenue and second tier local optional
revenue. A district's first tier local optional revenue equals $300 times the adjusted pupil
units of the district for that school year. A district's second tier local optional revenue equals
$424 times the adjusted pupil units of the district for that school year.
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(b) For fiscal year 2020, 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.
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(b) For fiscal year 2023 and later, local optional revenue for a school district equals $724
times the adjusted pupil units of the district for that school year.
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new text begin (c)new text end For fiscal deleted text begin yeardeleted text end new text begin yearsnew text end 2021 and deleted text begin laterdeleted text end new text begin 2022new text end , a district's local optional levy equals the
sum of the first tier local optional levy and the second tier local optional levy. A district's
first tier local optional levy equals the district's first tier local optional revenue times the
lesser of one or the ratio of the district's referendum market value per resident pupil unit to
$880,000. A district's second tier local optional levy equals the district's second tier local
optional revenue times the lesser of one or the ratio of the district's referendum market value
per resident pupil unit to $510,000.
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(d) For fiscal year 2023 and later, a district's local optional levy equals the district's local
optional revenue times the lesser of one, or the ratio of:
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(1) the district's referendum market value divided by the district's residential pupil units
for the third preceding year; to
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(2) 123 percent of the statewide referendum market value per pupil unit for that year.
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new text begin (e) new text end The local optional levy must be spread on referendum market value. A district may
levy less than the permitted amount.
deleted text begin (c)deleted text end new text begin (f)new text end A district's local optional aid equals its local optional revenue minus its local
optional levy. new text begin For fiscal years 2021 and 2022, new text end if a district's actual levy for first or second
tier local optional revenue is less than its maximum levy limit for that tier, its aid must be
proportionately reduced.new text begin For fiscal year 2023 and later, if a district's actual levy for local
optional revenue is less than its maximum levy limit for that year, its aid must be
proportionately reduced.
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This section is effective for fiscal year 2023 and later.
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The sums indicated in this section are
appropriated from the general fund to the Department of Education in the fiscal years
designated.
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For general education aid for local optional aid
according to Minnesota Statutes, section 126C.10, subdivision 2e:
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2022 new text end |
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2023 new text end |