Purpose of the Bill

The bill aims to address a funding issue related to Postsecondary Enrollment Options (PSEO) for Independent School District No. 186, Pequot Lakes. It seeks to correct financial discrepancies caused by conflicting information about PSEO, impacting school district finances.

Main Provisions

• Appropriation: The bill appropriates funds from the state’s general fund specifically to adjust the general education aid for Pequot Lakes School District.
• Adjustment Calculation: The Minnesota Department of Education is tasked with calculating the aid adjustment for fiscal years 2024 and 2025 based on the number of PSEO students taking courses at both a postsecondary institution and high school that exceed a full-time course load.
• Payment Timeline: The calculated adjustment amount is set to be fully paid to the school district in fiscal year 2026.

Significant Changes

This bill introduces a new financial adjustment for the Pequot Lakes School District due to inconsistency and overlaps in PSEO participation, which weren't aligned with the district’s previous funding expectations.

Relevant Terms

• Education Finance
• PSEO (Postsecondary Enrollment Options)
• General Education Aid
• Pequot Lakes School District
• Department of Education
• Fiscal Year Adjustments