This legislative bill is focused on increasing funding for education in Minnesota. It proposes to raise the general education basic formula allowance by three percent each year. This formula defines the base amount of money that school districts receive per student. Additionally, starting in fiscal year 2026, the formula will consider inflation and ensure the allowance is adjusted accordingly each year to match inflation rates but will not exceed a 3% annual increase. This ensures that school funding keeps pace with cost increases over time. The bill requires the commissioner of education to calculate and publish the adjusted formula allowance each February. The overall goal is to provide consistent and sufficient funding to public schools in line with state constitutional obligations.