HF301
General education basic formula allowance increased by an additional three percent per year, and money appropriated.
False House Legislative Session 94 (2025-2026)Past session
AI Generated Summary
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.
Actions
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Bill information comes from public records published by the Office of the Revisor of Statutes, the Minnesota House and the Minnesota Senate. AI summaries are written by MinneSlate and are not official. MinneSlate is independent and is not affiliated with the State of Minnesota or the Minnesota Legislature.