Increased school district funding passes
Approximately $60,000 in additional revenue for New Ulm Public Schools will come into effect July 1, 2027 thanks to the passing of Constitutional Amendment I, “Increasing funding to school districts.” This money is not coming from tax dollars, but from Minnesota’s Permanent School Fund, which has generated its current $2.3 billion from school trust lands, timber, leases, mineral rights, and investments. The amendment will change the formula for how funds are distributed, basing funding on a 4.5% average value rather than on interest and dividends as it had previously done. ...