Compensatory aid for fiscal year 2027 calculation modification, compensatory aid for fiscal year 2028 allocation modification, and appropriation

This bill modifies how Minnesota calculates and allocates compensatory education funding for school buildings in fiscal years 2027 and 2028. It changes the revenue formula to use a building compensatory allowance multiplied by the number of compensatory pupils, while also setting minimum funding floors to ensure schools receive at least a certain amount. The legislation allows districts to reallocate up to 40 percent of compensatory funds to different school sites based on board-approved plans, up from the usual 20 percent limit, and appropriates $55.6 million in state funding to support these changes.