This bill modifies the calculation and distribution of town aid in Minnesota by amending existing statutes. It introduces a new "town aid factor," which is calculated as the product of a town's agricultural property factor, town area factor, and population factor. The bill also changes the eligibility criteria for town aid, allowing each town to receive a distribution based on the total amount available for town aid and the ratio of its town aid factor to the sum of all towns' aid factors. Additionally, the bill specifies that the data used for calculating aids will be the most recent available as of January 1 in the aid calculation year.

Furthermore, the bill increases the total aid limit for towns from $10 million to $11.5 million for aids payable in 2026 and thereafter, while maintaining the previous limit for aids payable through 2025. The effective date for these changes is set for aid payable in calendar year 2026 and beyond.

Statutes affected:
Introduction: 477A.013, 477A.03