This bill mandates that charter schools and their authorizers in Minnesota are required to publish financial information to enhance transparency. Specifically, it amends Minnesota Statutes 2024, section 124E.03, by adding a new subdivision that requires charter schools to comply with existing laws regarding the publication of school budgets. Additionally, it amends section 124E.16 by adding two new subdivisions: one that requires charter schools to submit their annual budgets to the commissioner in accordance with the same budget publication laws, and another that mandates both charter schools and their authorizers to publish their annual state and federal tax filings on their public websites.

The intent of these amendments is to ensure that financial information related to charter schools is accessible to the public, thereby promoting accountability and informed decision-making among stakeholders. By establishing these requirements, the bill aims to enhance the financial oversight of charter schools and their authorizers, ensuring that they adhere to the same standards of transparency expected of traditional public schools.

Statutes affected:
Introduction: 124E.03, 124E.16