1.2relating to education finance; clarifying the calculation of general education aid;
1.3amending Minnesota Statutes 2016, section 126C.13, subdivision 4.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.5 Section 1. Minnesota Statutes 2016, section 126C.13, subdivision 4, is amended to read:
1.6 Subd. 4.
General education aid. For fiscal year 2015 and later, A district's general
1.7education aid equals:
1.8(1) general education revenue, excluding operating capital revenue, equity revenue,
local
1.9optional revenue, and transition revenue
, minus the student achievement levy, multiplied
1.10times the ratio of the actual amount of student achievement levy levied to the permitted
1.11student achievement levy; plus
1.12(2) operating capital aid under section
126C.10, subdivision 13b;
1.13(3) equity aid under section
126C.10, subdivision 30; plus
1.14(4) transition aid under section
126C.10, subdivision 33; plus
1.15(5) shared time aid under section
126C.10, subdivision 7; plus
1.16(6) referendum aid under section
126C.17, subdivisions 7 and 7a; plus
1.17(7) online learning aid under section
124D.096; plus
1.18(8) local optional aid
according to under section
126C.10, subdivision 2d, paragraph
1.19(d).
1.20EFFECTIVE DATE.This section is effective for fiscal year 2019 and later.