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S.F. No. 3607 - Referendum Equalizing Levy
 
Author: Senator Carla J. Nelson
 
Prepared By: Bettsy J. Hjelseth, Senate Analyst (651/296-7983)
 
Date: March 16, 2020



 

Section 1. Referendum equalization levy. (b) Changes a district’s first tier referendum equalization factor from $567,000 to 125 percent of the statewide referendum market value equalizing factor.

(c) Changes a district’s second tier referendum equalization factor from $290,000 to 50 percent of the statewide referendum market value equalizing factor.

(d) Defines the statewide referendum market value equalizing factor by providing a calculation method.

 
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