This bill aims to enhance education finance in Minnesota by fully funding school district special education services. It amends Minnesota Statutes 2022, section 125A.76, subdivision 2e, to establish a new formula for calculating a school district's annual cross subsidy reduction aid. The new formula includes an adjustment for the special education general education reduction, which is defined as the general education revenue attributable to special education students who spend a significant portion of their day outside the regular classroom. The bill also sets the cross subsidy aid factor at 100 percent for fiscal year 2024, ensuring that districts receive full funding for special education services.

Additionally, the bill includes appropriations from the general fund to the Department of Education for special education aid, specifying funding amounts for fiscal years 2023, 2024, and 2025. The effective date for the changes in the cross subsidy reduction aid calculation is set for revenue for fiscal year 2024 and later. Overall, this legislation seeks to provide more comprehensive financial support for special education in Minnesota schools.

Statutes affected:
Introduction: 125A.76