Local optional revenue program renamed, program funding increased, and money appropriated.

HF 3654 renames Minnesota’s "Local Optional Revenue Program" to the "Local Education Revenue Program" and increases its funding. The bill establishes a new calculation method using regional wage data to determine school district revenue, with a base allowance of $979 for fiscal year 2027 (adjusted annually). It also adds $132 per adjusted pupil unit to charter school funding and modifies how districts calculate local revenue levies based on property values. The changes directly affect Minnesota school districts and charter schools by altering their state education funding formulas, effective for fiscal year 2027 and beyond.