as introduced - 90th Legislature (2017 - 2018) Posted on 02/24/2017 08:42am
A bill for an act
relating to education finance; creating a new source of state aid for school districts
with low general education revenue per pupil and low property wealth per pupil;
appropriating money; proposing coding for new law in Minnesota Statutes, chapter
126C.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
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A school district, not including a charter school,
qualifies for general education disparity aid if: (1) the district's adjusted net tax capacity per
adjusted pupil unit is less than the value of the district at or immediately below the 20th
percentile of districts; or (2) the district's referendum market value per resident pupil unit
is less than the value of the district at or immediately below the 20th percentile of districts.
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(a) A district's general education disparity
aid allowance equals 0.7 times the greater of:
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(1) zero; or
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(2) the difference between (i) the amount of general education revenue per adjusted
pupil unit under section 126C.10, not including referendum revenue, for the district at or
immediately below the 20th percentile of districts, and (ii) the amount of general education
revenue per adjusted pupil unit under section 126C.10, not including referendum revenue,
for the district.
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(b) For fiscal year 2018 and later, a district's general education disparity aid equals its
general education disparity aid allowance times the adjusted pupil units.
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This section is effective for revenue in fiscal year 2018 and later.
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The sums indicated in this section are
appropriated from the general fund to the Department of Education for the fiscal years
designated.
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For general education disparity aid under
Minnesota Statutes, section 126C.127:
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2018 new text end |
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2019 new text end |