Section 1. Revenue calculation [for a charter school]. Makes conforming change in the calculation of general education revenue for a charter school.
Section 2. Transportation aid [for a charter school]. Modifies the calculation of transportation aid for a charter school that provides its own transportation services. Provides that aid equals the transportation revenue under section 126C.10, subd. 18.
Section 3. General education revenue. Makes conforming change in the calculation of general education revenue for a school district.
Section 4. Transportation revenue. Modifies the calculation of transportation revenue. Provides that revenue for a district or charter school equals the sum of transportation sparsity revenue and transportation cost revenue. Establishes pupil transportation cost revenue and defines pupil transportation cost revenue to be equal to the greater of zero or the difference between (1) the district’s total cost for regular and excess pupil transportation, including depreciation, for the previous year, and (2) the sum of 4.66% of the district’s basic revenue in the previous year, plus transportation sparsity revenue, plus the district’s charter transportation adjustment for the previous year.
(Expenditure categories for regular and excess transportation are defined in section 123B.92, subdivision 1, paragraph (b).)
Effective dates. All sections are effective for revenue in fiscal year 2018 and later.