Education finance funding allocations involving school district funding, general education basic formula allowance, special education cross subsidy aid, school unemployment aid account funding, English learner cross subsidy aid, and safe schools revenue increased; calculations for school's compensatory revenue eligibility modified; school board powers modified; and money appropriated.

HF 1028 increases state funding for Minnesota school districts through multiple adjustments to education finance formulas. It raises the general education basic formula allowance, special education cross subsidy aid, English learner cross subsidy aid, school unemployment aid, and safe schools revenue. The bill modifies how compensatory revenue eligibility is calculated and allows school boards to renew voter-approved operating referendums more than once. These changes, effective for fiscal year 2027 and later, directly affect all Minnesota public school districts by altering their state funding calculations and administrative powers. The bill does not create new programs but adjusts existing funding mechanisms and eligibility rules.