This bill amends Minnesota Statutes 2024, section 126C.10, subdivision 2e, to increase local optional revenue for school districts. For fiscal year 2026, the first tier local optional allowance is set at $250, with subsequent years adjusting based on the previous year's allowances and the general education basic formula allowance. The second tier local optional allowance is established at $300, and the third tier at $424 for fiscal year 2026 and beyond. The bill also modifies the calculation of local optional revenue, specifying that it will be based on the respective tier allowances multiplied by the adjusted pupil units of the district for that school year.

Additionally, the bill includes an appropriation section that allocates funds from the general fund to the Department of Education for additional general education aid required under this act. The effective date for these changes is set for revenue starting in fiscal year 2026 and later. The bill aims to enhance funding for local education by increasing the allowable revenue and aid amounts for school districts.

Statutes affected:
Introduction: 126C.10