This bill focuses on enhancing education finance in Minnesota by modifying how schools calculate eligibility for compensatory revenue, which is based on both direct certification and the application of educational benefits. It establishes a Compensatory Revenue Task Force to analyze the compensatory revenue formula and its effectiveness, while also modifying professional development requirements for teachers under the Read Act. The bill mandates that a certain percentage of compensatory revenue be allocated to each school site, with provisions allowing for adjustments based on specific conditions. Additionally, it increases funding for teacher training and the school unemployment aid account.

Key amendments include the requirement for districts to provide evidence-based training to various educational staff by specified deadlines, and the introduction of a new method for determining eligibility for free and reduced-price meals. The bill also allows for a temporary increase in the percentage of compensatory revenue that can be allocated to school sites under certain conditions. Furthermore, it appropriates funds for teacher compensation related to training and for the activities of the newly established Compensatory Revenue Task Force, which is tasked with evaluating the current system and making recommendations for improvement.

Statutes affected:
Introduction: 120B.123, 126C.10, 126C.15