This bill proposes significant modifications to education finance provisions for prekindergarten through grade 12 in Minnesota, focusing on enhancing funding for various educational areas such as general education, special education, and early childhood education. Key amendments include increasing the consolidation transition aid from $200 to $424 per resident pupil unit and adjusting general education revenue calculations for charter schools and districts. The bill also introduces new basic supplemental aid allowances and establishes effective dates for revenue calculations starting in fiscal year 2026. Additionally, it repeals section 124D.992 and proposes new coding for Minnesota Statutes, indicating a comprehensive overhaul of the existing education finance framework.

Furthermore, the bill addresses special education funding by calculating unreimbursed costs based on actual expenses and aid received, while implementing a tiered reduction in special education aid for resident districts. It also introduces provisions for unemployment benefits for educational employees, effective September 10, 2028, and establishes a Compensatory Revenue Task Force to analyze the general education compensatory revenue formula. The bill includes various appropriations for educational programs, such as achievement and integration aid, charter school building lease aid, and initiatives to support diverse populations and improve literacy instruction. Overall, the legislation aims to enhance educational support and resources while ensuring compliance with financial regulations.

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
2nd Engrossment: 123A.485, 124E.20, 126C.10, 126C.13, 126C.15, 126C.17, 127A.47, 126C.43, 268.085, 124D.42, 124D.901, 122A.63, 123B.92, 125A.76, 123B.595, 123B.57, 123B.591, 123B.59, 123B.71, 126C.40, 126C.45, 124D.111, 124D.119, 124D.992, 120B.118, 120B.119, 120B.12, 120B.123, 120B.124, 122A.091, 122A.092, 122A.185