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SF2244 (Legislative Session 94 (2025-2026))

Referendum levy equalizing factors increase provision and appropriation

Related bill: HF1988

AI Generated Summary

This bill, S.F. No. 2244, pertains to education finance in Minnesota. It proposes an increase in the referendum levy equalizing factors, which are used to determine how much school districts can levy in property taxes to support education funding.

Key Changes:

  • Amends Minnesota Statutes 2024, section 126C.17, subdivision 6.
  • Adjusts the equalization factors that determine the referendum equalization levy, which helps distribute school funding more equitably.
  • First-tier equalization: The current equalizing factor of $567,000 is increased to $1,500,000.
  • Second-tier equalization: The current factor of $290,000 is increased to $870,000.
  • These changes mean that districts with lower property wealth will receive greater state assistance in generating revenue for education.

Purpose:

  • To enhance state support for school districts with less property wealth.
  • To reduce disparities in education funding across districts.
  • To provide additional state funding for education by modifying how equalization aid is calculated.

This bill appropriates additional money to support these changes, but specific funding amounts are not detailed in this summary.

Bill text versions

Actions

DateChamberWhereTypeNameCommittee Name
March 05, 2025SenateFloorActionIntroduction and first reading
March 05, 2025SenateFloorActionReferred toEducation Finance
March 12, 2025SenateFloorActionAuthor added

Citations

 
[
  {
    "analysis": {
      "added": [
        "New equalizing factors for referendum market value per resident pupil unit."
      ],
      "removed": [
        "Previous lower equalizing factors thresholds."
      ],
      "summary": "This bill modifies the education finance by increasing the referendum levy equalizing factors under section 126C.17.",
      "modified": [
        "Adjusts the calculation for first and second tier referendum equalization levies."
      ]
    },
    "citation": "126C.17"
  }
]

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