126C.13 General education levy and aid.
Subdivision 1. General education tax rate. The commissioner must establish the general education tax rate by July 1 of each year for levies payable in the following year. The general education tax capacity rate must be a rate, rounded up to the nearest hundredth of a percent, that, when applied to the adjusted net tax capacity for all districts, raises the amount specified in this subdivision. The general education tax rate must be the rate that raises $1,385,500,000 for fiscal year 1999, $1,325,500,000 for fiscal year 2000, and $1,387,100,000 for fiscal year 2001, and later fiscal years. The general education tax rate may not be changed due to changes or corrections made to a district's adjusted net tax capacity after the tax rate has been established. If the levy target for fiscal year 1999 or fiscal year 2000 is changed by another law enacted during the 1997 or 1998 session, the commissioner shall reduce the general education levy target in this section by the amount of the reduction in the enacted law.
Subd. 2. General education levy. To obtain general education revenue, excluding transition revenue and supplemental revenue, a district may levy an amount not to exceed the general education tax rate times the adjusted net tax capacity of the district for the preceding year. If the amount of the general education levy would exceed the general education revenue, excluding supplemental revenue, the general education levy must be determined according to subdivision 3.
Subd. 3. General education levy; districts off the formula. If the amount of the general education levy for a district exceeds the district's general education revenue, excluding transition revenue and supplemental revenue, the amount of the general education levy must be limited to the following:
(1) the district's general education revenue, excluding transition revenue and supplemental revenue; plus
(2) the amount of the aid reduction for the same school year according to section 126C.14; minus
(3) payments made for the same school year according to section 126C.21, subdivision 3.
For purposes of statutory cross-reference, a levy made according to this subdivision shall be construed to be the levy made according to subdivision 2.
Subd. 4. General education aid. A district's general education aid is the sum of the following amounts:
(1) the product of (i) the difference between the general education revenue, excluding transition revenue and supplemental revenue, and the general education levy, times (ii) the ratio of the actual amount levied to the permitted levy;
(2) transition aid according to section 126C.10, subdivision 22;
(3) supplemental aid according to section 127A.49;
(4) shared time aid according to section 126C.01, subdivision 7; and
(5) referendum aid according to section 126C.17.
Subd. 5. Uses of revenue. Except as provided in sections 126C.10, subdivision 14; 126C.12; and 126C.15, general education revenue may be used during the regular school year and the summer for general and special school purposes.
HIST: 1987 c 398 art 1 s 12; 1988 c 486 s 61-64; 1988 c 718 art 1 s 4-6; 1988 c 719 art 5 s 84; 1989 c 329 art 1 s 13; art 13 s 20; 1Sp1989 c 1 art 2 s 11; art 6 s 7; art 9 s 6; 1990 c 562 art 1 s 4; 1991 c 265 art 1 s 20-22; 1992 c 499 art 1 s 15; art 12 s 15,16; 1992 c 511 art 4 s 1; 1993 c 224 art 1 s 19,20; 1994 c 647 art 1 s 26; 1Sp1995 c 3 art 1 s 46,47; 1996 c 412 art 1 s 26; 1Sp1997 c 4 art 1 s 46-49; 1998 c 397 art 7 s 154-156,164; art 11 s 3; art 12 s 6
* NOTE: Subdivisions 1, 2, 3, 4, and 5 (formerly section *124A.23, subdivisions 1, 2, 3, 4, and 5), are repealed effective *June 30, 2001. Laws 1992, chapter 499, article 7, section 31, *as amended by Laws 1998, chapter 398, article 1, section 39.
Official Publication of the State of Minnesota
Revisor of Statutes