The legislative bill from Minnesota titled "Funding for Success Incentive Aid Program" aims to finance schools based on their performance-related outcomes. Schools that demonstrate higher graduation rates and successes in enrolling their recent graduates in in-state colleges without the need for remedial classes will receive additional financial aid. The graduation and enrollment rates of schools are quantified, and schools must have rates above 90% to be eligible for this incentive aid.

Key aspects of the bill include:

1. Establishment of the Program: The bill introduces the Funding for Success program, which grants monetary incentives to schools based on specific performance metrics.

2. Metrics Used:

   • Graduation Rate: Schools get a funding multiplier for each percentage point their graduation rate exceeds 90%, up to 100%.
   • Recent Graduate Enrollment Success Rate: Similar to the graduation rate, schools receive a multiplier based on the percentage of their recent graduates who enroll in a public college or university, are not taking remedial courses, and exceed a 90% threshold.

3. Calculation of Aid: The incentive aid each school receives is calculated by multiplying these rates by the school’s total enrollment and then relating it to the total incentive aid available.

4. Funding Details: The bill specifies appropriations from the general fund for this incentive aid for the fiscal years 2026 and 2027, with a base set for 2028.

To sum up, this bill creates a financial incentive program for schools in Minnesota that encourages and rewards higher graduation rates and successful college enrollment rates of their students, aiming to improve educational outcomes state-wide.