School district local optional revenue increase

This bill adjusts how Minnesota school districts calculate local revenue they can raise through optional levies. It establishes a two-tier system: a first tier capped at $300 per adjusted pupil unit, and a second tier based on a formula tied to district property values per student. For fiscal years 2028 and later, the total revenue allowance will automatically adjust using a specific ratio based on statewide funding formulas. The changes take effect July 1, 2025, directly affecting all Minnesota public school districts that use this revenue mechanism.