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Proposal shifts tax money to poorer Minnesota schools
University of Minnesota economist Dr John Hoyt proposes a new education funding formula to move some local property tax revenue from wealthy to poorer districts in Minnesota. The plan would raise state aid annually by about twice the CPI, allow higher spending districts to exceed levy limits, and pool excess into a common fund for poorer districts.
MENTIONED IN THIS ARTICLE
Minneapolis, Minn
University of Minnesota
John Hoyt
Hoyt
Edina
Minnesota Congress of Parents and Teachers’ District 7
Hennepin
Anoka
Minnesota
Wendell Anderson
California
Texas
New Jersey