Sec. 41. PHASE-IN.
Subdivision 1. Baseline revenue. A school district's baseline revenue equals the
revenue amounts for the aid appropriations calculated under Minnesota Statutes, section
126C.20, calculated using the current year's data and the revenue formulas in place in
Minnesota Statutes 2008.
Subd. 2. New revenue. A school district's new revenue equals the revenue amounts
for the aid appropriations calculated under Minnesota Statutes, section 126C.20, calculated
using the current year's data and the revenue formulas in place under this act.
Subd. 3. Phase-in schedule. A school district's revenue amounts for the revenue
formulas listed in subdivisions 1 and 2 equals the district's baseline revenue plus the
percent of the difference specified in subdivision 4 multiplied by the number of years
of the phase-in specified in subdivision 5.
Subd. 4. Percentage. The phase-in percentage equals ... percent.
Subd. 5. Years of phase-in. The new revenue under this section is phased-in over
EFFECTIVE DATE.This section is effective July 1, 2009.
Directly from the email:
Here are a few specifics and benefits of the bill:
- Increases formula allowance to $7500, indexed to implicit price deflator.
- Uses a scalable blueprint that can be phased in over several years.
- Equalizes the pupil weighting system for students in kindergarten through high school to 1.0.
- Enhances compensatory aid and funding for English language learners.
- Fully funds voluntary all-day kindergarten
- Fully funds state special education costs by removing existing caps.
- Includes a levy referendum offset of $500 per pupil in districts with levies; provides $500 per pupil to districts without a levy in place.
- Accounts for declining enrollment in every geographic region of the state.
- Includes innovation and accountability measures including a requirement that a district use 5 % of its basic revenue for innovative, research-based programs to improve academic performance.
- Creates a new school bond agricultural credit equal to 66 percent of the property tax on agricultural properties attributable to school bond levies. This will help promote equitable funding to rural districts, as it will help rural districts more easily pass referenda--if school districts and voters agree that they are needed.