This bill aims to enhance the alternative teacher compensation program by increasing funding and participation. It amends Minnesota Statutes to raise the basic alternative teacher compensation aid cap from $88,118,000 for fiscal year 2023 and $88,461,000 for fiscal year 2024 to $110,000,000 for fiscal year 2024 and $111,000,000 for fiscal year 2025. Additionally, it allows Independent School District No. 720 in Shakopee to qualify for the long-term facilities maintenance revenue program starting in fiscal year 2026, thereby expanding the financial resources available for school facilities.

The bill also specifies that the basic alternative teacher compensation aid for charter schools will be calculated based on the number of enrolled pupils, and it establishes a new funding structure for intermediate districts or cooperative units. The appropriations for alternative teacher compensation aid are adjusted, with $8,824,000 allocated for fiscal year 2023 and $79,619,000 for fiscal year 2024, while the 2025 appropriation is set to include $99,000,000. Overall, the bill seeks to provide more robust financial support for alternative teacher compensation and improve facilities maintenance for qualifying districts.