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Senate advances K‑12 finance bill that pauses inflation link, shifts charter funding and trims nonpublic aid
Summary
The Minnesota Senate Finance Committee advanced Senate File 2255 on April 29, a K‑12 education finance omnibus that delinks the basic formula allowance from inflation for fiscal years 2028–29, shifts a $132 per‑pupil charter payment into general education, eliminates certain nonpublic supports beginning in FY26 and adds $100 million for school unemployment aid.
The Minnesota Senate Finance Committee on April 29 advanced Senate File 2255, the K‑12 education finance omnibus, after hours of debate and several amendments that altered allocations for charter schools, libraries, special education and school unemployment funding.
Committee materials and a nonpartisan fiscal presentation by Jenna Hofer show the bill delinks the basic formula allowance from inflation for fiscal years 2028 and 2029 and holds the formula allowance at $7,705 per pupil for fiscal years 2027 and later. Hofer told the committee that holding the allowance at that level reduces general education aid by $611,325,000 in the 2028–29 biennium compared with the February forecast base.
Other major changes in the bill include: moving the $132 per‑pupil long‑term facilities maintenance (LTFM) allocation for charter schools into general education aid (a shift described by staff as appropriate because…
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