School districts local optional revenue increase provision and appropriation

This bill amends Minnesota's school finance law to adjust how local school districts calculate optional revenue from property taxes. It sets specific dollar amounts for first-tier ($300 in 2025-2026, rising to $550 in 2027) and second-tier ($424 in 2025-2027) local revenue allowances, based on student enrollment (adjusted pupil units). Districts can levy local taxes up to limits tied to property values per student, with equalizing factors increasing annually (e.g., $626,450 for second-tier in 2025). The changes take effect for fiscal year 2027, directly affecting all Minnesota public school districts receiving state education funding.