The bill aims to enhance education finance provisions for prekindergarten through grade 12 in Minnesota, focusing on funding for general education, special education, and early childhood education. Key amendments include increasing the consolidation transition aid from $200 to $424 per resident pupil unit for newly created districts and adjusting referendum revenue authorizations in the event of district consolidation. The bill also introduces new provisions for the renewal of referendum revenue authorizations by school boards of newly created districts, ensuring continuity in funding. Additionally, it clarifies transportation provisions for public school students, ensuring equitable access to transportation services, and repeals outdated statutes related to nonpublic education and transportation.

Furthermore, the bill modifies various funding formulas, including increasing the English learner cross-subsidy aid percentage and establishing additional general education revenue for charter schools. It creates a task force to analyze the general education compensatory revenue formula and introduces grants for career and technical education, emphasizing equitable distribution of funds. The bill also enhances support for American Indian students, improves school safety protocols, and outlines provisions for the management of educational resources for nonpublic school pupils. Overall, the legislation seeks to streamline funding processes, improve educational outcomes, and ensure equitable access to resources for all students in Minnesota.

Statutes affected:
Introduction: 123B.84, 123B.86, 123B.87, 123B.92, 126C.05, 126C.10, 127A.45, 124D.861, 124D.862, 124D.98, 122A.414, 122A.4144, 122A.415, 122A.635, 122A.70, 124D.901, 122A.63, 124D.83, 125A.76, 126C.40, 124D.111, 124D.119
1st Engrossment: 123A.485, 123A.73, 123B.84, 123B.86, 123B.87, 123B.92, 124D.65, 124D.995, 124E.20, 126C.05, 126C.10, 126C.17, 127A.47, 120B.124, 120B.241, 121A.642, 124D.231, 124D.42, 124D.861, 124D.862, 124D.98, 120B.117, 122A.59, 122A.635, 122A.70, 124D.901, 136A.1276, 122A.63, 124D.81, 124D.83, 125A.76, 123B.595, 123B.57, 123B.591, 123B.59, 123B.63, 123B.71, 126C.40, 126C.45, 124D.111, 124D.119, 124D.992, 127A.41, 127A.45, 142D.06, 142D.08, 142D.093, 142D.11, 127A.49
2nd Engrossment: 123A.485, 123A.73, 123B.445, 123B.84, 123B.86, 123B.87, 123B.92, 124D.65, 124D.995, 124E.20, 126C.05, 126C.10, 126C.17, 127A.47, 120B.124, 120B.241, 121A.642, 124D.231, 124D.42, 124D.861, 124D.862, 124D.98, 120B.117, 122A.59, 122A.635, 122A.70, 124D.901, 136A.1276, 122A.63, 124D.81, 124D.83, 125A.76, 123A.48, 123B.595, 123B.57, 123B.591, 123B.59, 123B.63, 123B.71, 125B.15, 126C.40, 126C.45, 127A.45, 124D.111, 124D.1158, 124D.119, 124D.992, 127A.41, 142D.06, 142D.08, 142D.093, 142D.11, 127A.49