Local optional revenue increase for school districts with limited referendum revenue authority

This bill creates a new third tier of local optional revenue for Minnesota school districts that currently have limited authority to raise funds through referendums. The legislation establishes three revenue tiers based on the number of students in each district, with the third tier providing additional funding only when a district's current referendum revenue per student falls below $100. The bill sets specific limits on how much of this revenue each district can actually collect based on their property tax base, with different thresholds for each tier and varying limits for fiscal years 2025 through 2027 and beyond. This change would allow certain school districts to access more local funding options without requiring a new vote from voters.