This legislative bill from Minnesota is focused on how financial aid is distributed to cities for local government purposes. It amends existing statutes to adjust the method and amounts of aid given to cities based on their unmet financial needs and previous aid received. Here are the key points of the bill:

1. Increase in Aid Based on Unmet Needs: If a city's aid from the previous year was less than its current unmet need, it will receive additional aid. This additional aid includes its certified aid from the previous year plus another calculated amount based on a specified formula.

2. Adjustment for Cities Meeting Needs: If a city's aid from the previous year meets or exceeds its current unmet need, its total aid will be recalculated but will be no less than the greater of its unmet need or the previously received amount, with possible deductions. These deductions will not exceed either 10% of the city’s population or 5% of its net tax levy from the previous year.

3. Minimum Aid Guarantee: For cities in certain counties that have larger populations and unmet needs, the aid will not be less than an amount calculated by multiplying $150 by the city's population.

In essence, this bill aims to ensure cities in Minnesota receive sufficient state aid to meet their financial needs while ensuring that higher need areas receive appropriate support.