General education basic formula allowance increased by an additional three percent per year, and money appropriated.

HF 515 increases Minnesota's annual funding for public schools by guaranteeing a minimum 3% raise to the general education basic formula allowance starting in fiscal year 2026. This directly affects all public school districts receiving state education funding, as it changes how their base funding amount is calculated each year. The bill requires the state education commissioner to calculate the allowance using either a 3% increase or the current inflation rate (whichever is higher), but never exceeding a 3% annual increase. The change ensures schools receive predictable, inflation-adjusted funding growth while maintaining a minimum 3% annual increase in state support.