Fiscal year 2027 compensatory aid calculation modification

This bill modifies how Minnesota calculates compensatory aid for public school districts in fiscal year 2027. It requires districts to use the greater of their actual FY 2027 calculation or their FY 2024 calculation for determining aid amounts, protecting districts from potential funding decreases. The bill also sets a new statewide funding target of $857,152,000 for FY 2027 and later, up from previous levels. This directly affects school districts receiving compensatory aid, particularly those serving students from low-income households (based on free/reduced-price meal eligibility data).