This bill aims to enhance transparency in charter schools by requiring them and their authorizers to publish financial information. Specifically, it amends Minnesota Statutes 2024, section 124E.03, by adding a new subdivision that mandates 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 requiring charter schools to submit their annual budgets to the commissioner in accordance with budget publication laws, and another requiring both charter schools and their authorizers to publish their annual state and federal tax filings on their public websites.

The new legal language introduced in this bill emphasizes the importance of financial accountability and transparency for charter schools and their authorizers, ensuring that stakeholders have access to essential financial information. By mandating the publication of budgets and tax filings, the bill seeks to foster greater trust and oversight within the charter school system in Minnesota.

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