Referendum levy equalizing factors increase provision and appropriation

SF 2244 increases the reference values used to calculate school district equalization levies under Minnesota education finance law. It raises the first-tier reference value from $567,000 to $1,500,000 and the second-tier reference value from $290,000 to $870,000 per student. This change means school districts with higher property values per student will pay less in equalization levies. The bill also appropriates funds for general education aid for fiscal years 2026 and 2027. It becomes effective for revenue in fiscal year 2027 and later.