ERIC Number: ED433621
Record Type: Non-Journal
Publication Date: 1998-Aug
Reference Count: N/A
Financing Education in Minnesota, 1998-1999.
Minnesota House of Representatives, St. Paul. Research Dept.
This report provides an overview of educational financing in Minnesota. It describes how support for elementary and secondary education in the state comes through a combination of state-collected taxes and locally controlled property taxes. Revenue to the school districts is received in three major categories: state education-finance appropriations; state-paid property-tax credits; and property-tax levies. The document discusses how these three sources of money target general-education programs and categorical programs. Some of the various types of revenue for general-education programs include basic skills revenue, secondary-sparsity revenue, elementary-sparsity revenue, operating-capital revenue, transportation-sparsity revenue, graduation-standards-implementation revenue, training and experience revenue, transition revenue, supplemental revenue, reserved revenue and reductions, referendum revenue, and the equalizing factor. Some of the various revenue targets for categorical programs include special education, secondary vocations education, capital expenditure related programs, debt-service revenue, abatement revenue, crime-related costs, gifted and talented programs, historical-building revenue, homeless-student revenue, and minority-teacher incentives. The report also highlights property tax relief aids, such as the education-homestead credit, and details other aspects of finances, including education-finance appropriations and property-tax-relief aid payments to school districts. (RJM)
Descriptors: Educational Finance, Elementary Secondary Education, Income, Needs Assessment, Resource Allocation, School Accounting, State Aid, Taxes
MN House of Representatives, Fiscal Analysis Department, 378 State Office Building, St. Paul, MN 55155. Tel: 612-296-7165; For full text:
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Authoring Institution: Minnesota House of Representatives, St. Paul. Research Dept.
Identifiers - Location: Minnesota