This bill aims to modify various aspects of state and local government financing, particularly focusing on individual income tax rates and adjustments related to the federal Supplemental Nutrition Assistance Program (SNAP). Key changes include an increase in county program aid to help offset costs associated with SNAP changes, adjustments to school district revenue based on these changes, and a requirement for the commissioner of management and budget to estimate certain costs. The bill amends several sections of Minnesota Statutes, including adjustments to income tax brackets for individuals, estates, and trusts, with specific increases in the income thresholds for tax rates.

Significant amendments include the adjustment of compensatory education revenue calculations for school districts, which will now incorporate a statewide compensatory SNAP adjustment factor starting in fiscal year 2027. Additionally, the bill mandates that the commissioner of management and budget provide an estimate of costs related to changes in SNAP work requirements and other associated expenses by June 30, 2026. The bill also includes provisions for appropriating funds to the Department of Education for general education aid, ensuring that the financial implications of these changes are adequately addressed.

Statutes affected:
Introduction: 290.06, 477A.03