Task force urges constitutional change to allow 4.5% rolling‑average distribution from Minnesota Permanent School Fund
A nine‑member task force recommended replacing a constitutional restriction that limits distributions to interest and dividends with a statutory approach that would allow a 4.5% payout on a three‑year rolling average of market value, aiming to increase near‑term support for schools while preserving long‑term purchasing power.
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The Legislative Permanent School Fund Commission on Jan. 15 heard the Permanent School Fund Distribution Task Force recommend a constitutional amendment and accompanying statutory changes to shift Minnesota’s school trust payouts to a market‑value distribution model.
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