as introduced - 92nd Legislature (2021 - 2022) Posted on 03/30/2022 01:10pm
A bill for an act
relating to education finance; increasing the general education basic formula
allowance by five percent; appropriating money; amending Minnesota Statutes
2021 Supplement, section 126C.10, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2021 Supplement, section 126C.10, subdivision 2, is amended
to read:
The basic revenue for each district equals the formula allowance
times the adjusted pupil units for the school year. The formula allowance for fiscal year
2021 is $6,567. The formula allowance for fiscal year 2022 is $6,728. The formula allowance
for fiscal year 2023 and later is deleted text begin $6,863deleted text end new text begin $7,206new text end .
new text begin
$....... in fiscal year 2023 is appropriated from the general fund to the Department of
Education for additional general education aid required under section 1.
new text end