On Friday, March 21, Gov. Mark Dayton signed the new tax bill (HF 1777) into law.
The tax bill includes HF 2547 (authored by Rep. Joe Radinovich) and SF 2370 (Sen. Vicki Jensen), bills endorsed by the Minnesota School Boards Association that extends Local Optional Revenue (formerly known as “Location Equity Revenue”) to all school districts in Minnesota. This provision expands and increases the amount of Local Optional Revenue to $424 per pupil for all districts in the state.
“This provides equity statewide,” said Denise Dittrich, MSBA Associate Director of Government Relations.
Local Optional Revenue will give some much-needed budget relief to school districts not covered by the previous Location Equity Revenue program.
“This bill provides locally elected school board members the flexibility they need in developing local budgets,” said Grace Keliher, MSBA Director of Government Relations.