Calculation of town aid modification

SF 2116 modifies how Minnesota towns calculate their state aid by changing the formula used to determine each town's share. It updates the "town aid factor" calculation to combine agricultural property, town area, and population factors, while increasing the annual state funding limit for town aid from $10 million (for 2015-2025) to $11.5 million (starting in 2026). This bill directly affects all Minnesota towns receiving state aid under this program, which includes rural communities relying on this funding for local services. The changes take effect for aid paid in 2026 and later, based on the most recent available data as of January 1 each year.