This bill mandates that charter schools and their authorizers in Minnesota must 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 authorizers to publish their annual state and federal tax filings on their public websites.

These changes aim to ensure that financial information related to charter schools is accessible to the public, thereby promoting accountability and informed decision-making among stakeholders. The bill emphasizes the importance of transparency in the financial operations of charter schools and their authorizers, aligning them with existing requirements for traditional public schools.

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