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Minnesota Management & Budget Beginning in FY 2010, aid payments to schools will be temporarily reduced, generating $1.17 billion in savings. The reduced portion of those payments will be deferred such that school districts will receive 73 percent of their first year entitlement that year and the remaining 27 percent in the second year. This deferral is similar to the school aid payment deferral proposal in your budget and the proposal passed by the legislature. In addition, under M.S. 123B.75, the Commissioner of Education will require school districts to recognize a portion of their levy revenues when they are received. The savings resulting from such recognition of school district property tax receipts would be implemented in FY 2011, generating state general fund savings of approximately $600 million. This will result in a one-time savings in state aid similar to the property tax recognition shift you proposed and the legislature passed. In total, these changes do not reduce aid entitlements to schools. | |||||||||||||||||||||
Helping parents find their voice at the places where school policy and funding decisions are made. | ||||||||||||||||||||||
