Legislative Session number- 85

Bill Name: SF3828

Relating to education finance; modifying the school finance system and creating
a new education funding framework; modifying the calculation of the first and
second tier equalized debt service levies for school districts; establishing a
school bond agricultural credit, specifying eligibility, credit amount, credit
reimbursements and payments to school districts; modifying the calculation used
by school districts to receive the health and safety levy revenue; modifying
provisions relating to school districts qualifying to participate in the
alternative facilities bonding and levy program; modifying the calculation of
deferred maintenance revenue and the deferred maintenance levy for school
districts; modifying requirements to be considered a pupil of limited English
proficiency (LEP); modifying the formula for school district limited LEP revenue
and school district special education aid and excess cost aid; establishing an
adjusted net tax capacity equalizing factor calculation and a location equity
index calculation; modifying the pupil unit calculation, modifying the
computation of compensation revenue pupil units; eliminating adjusted marginal
cost pupil units and resident marginal cost pupil units; modifying the process
of determining LEP pupil units; establishing an education funding framework,
providing for general classroom funding, district instructional services and
district support services; modifying general education revenue, basic revenue,
extended time revenue, declining enrollment revenue, location equity revenue,
referendum replacement revenue, compensatory education revenue, basic skills
revenue, total operating capital revenue and transportation sparsity revenue;
providing for transportation revenue calculation; specifying uses for school
districts innovation revenue; modifying school districts general education aid
and uses of general education revenue; modifying the calculation of school
districts referendum allowance; modifying provisions relating to the annual
general education aid appropriation; expanding the purposes for which school
districts can lease a building or land; increasing the allowed levy amount for
school districts wanting to lease a building, land or classroom space;
specifying instructions to the revisor of statutes; repealing certain provisions
relating to school districts general education revenue, learning and development
revenue, aid adjustments in response to changes in employer contribution rates,
debt service appropriation, state total special education aid, special education
excess cost aid, and the reallocation of general education revenue for all day
kindergarten and prekindergarten
(New Minnesota Miracle)
(me)