School district seasonal tax base replacement aid established, and money appropriated.

This bill creates a new type of state funding called seasonal tax base replacement aid for Minnesota school districts that face significant property value fluctuations due to seasonal tourism. The aid is calculated based on the percentage difference between a district's permanent property values and its lower winter property values, with districts needing at least a 15% seasonal drop to qualify. The funding will be distributed starting in fiscal year 2027 and will be used to reduce the amount of property taxes districts must levy to meet their state funding requirements. The legislation also appropriates $3.422 million from the state's general fund to support this new aid program in 2027.