This bill aims to enhance career and technical education funding for school districts in Minnesota by amending existing statutes related to career and technical revenue. Key changes include increasing the career and technical revenue from $35 to $50 per pupil for eligible districts, and establishing a new tax rate that will raise $46,461,000 annually for career and technical programs starting in fiscal year 2026. The bill also introduces a revenue guarantee ensuring that districts receive at least the lesser of their previous year's career and technical education revenue or 100% of their approved expenditures for the current fiscal year. Additionally, it mandates that districts report their career and technical reserve account balances and hold public discussions if their reserves exceed $200 per pupil unit.

The bill repeals a previous provision that allowed for revenue adjustments based on statewide targets for fiscal years 2012 to 2014, thereby streamlining the funding process. It also includes several effective date clauses, indicating that the new provisions will take effect for revenue starting in fiscal year 2026 and later. Overall, the legislation seeks to provide more robust financial support for career and technical education, ensuring that districts can effectively deliver these essential programs.

Statutes affected:
Introduction: 124D.4531