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Minnesota Legislature
2017-2018 Regular Session

THIRTY-FOURTH MEETING - Education Finance

February 13, 2018

STATE OF MINNESOTA THIRTY-FOURTH MEETING
HOUSE OF REPRESENTATIVES NINETIETH SESSION

EDUCATION FINANCE COMMITTEE
MINUTES

Representative Loon, Chair of the Education Finance Committee, called the joint hearing with Property Tax and Local Government Finance Division to order at 10:34 A.M. on February 13, 2018 in Room 200 of the State Office Building. The joint committee was an informational hear-ing.

The Committee Legislative Assistant noted the roll.

Members present:

LOON, Jenifer, Chair
BENNETT, Peggy, VC
DAVNIE, Jim, DFL Lead
ANSELMO, Dario
ERICKSON, Sondra
JURGENS, Tony
MARQUART, Paul
MORAN, Rena
NORNES, Bud
PETERSON, Roz
POSTON, John
SCOTT, Peggy
WILLS, Anna



Members Excused:
KRESHA, Ron SLOCUM, Linda
MARIANI, Carlos SMITH, Dennis
MURPHY, Mary THEIS, Tama
SANDSTEDE, Julie THISSEN, Paul

A quorum was present.

Non-Partisan staff provided an overview:
• School Related Tax Credits and Equalization Aid Payments
• New School Building Bond Agricultural Credit
• Referendum Market Value and Adjusted Net Tax Capacity
• Agricultural Land Valuation Process

HF2493DE3 Drazkowski, School bond agricultural property tax credit provided; school district bonded debt authorizations approved after June 30, 2021, levied against referendum market val-ue; debt service equalization aid program modified; and money appropriated.

Representative Steve Drazkowski and Representative Paul Marquart testified on HF2493DE3.

The Education Finance Committee was adjourned at 12:06 P.M.





Representative Jenifer Loon, Chair




Dorene Kainz, Committee Legislative Assistant
More Info On This Meeting..
Agenda:

This is a Joint Hearing with Property Tax and Local Government Finance Division Informational Hearing Only School Related Tax Credits and Equalization Aid Payments New School Building Bond Agricultural Credit Referendum Market Value and Adjusted Net Tax Capacity Agricultural Land Valuation Process

Bills Added:
  • HF2495 (Drazkowski) - School bond agricultural property tax credit provided; school district bonded debt authorizations approved after June 30, 2021, levied against referendum market value; debt service equalization aid program modified; and money appropriated.
HTV Video Archive Available:
View Archive

* Informational hearing only. 03:00 - School Related Tax Credits and Equalization Aid Payments. 23;21 - New School Building Bond Agricultural Credit. 28:59 - Referendum Market Value and Adjusted Net Tax Capacity. 46:23 - HF2495 (Drazkowski) School bond agricultural property tax credit provided; school district bonded debt authorizations approved after June 30, 2021, levied against referendum market value; debt service equalization aid program modified; and money appropriated*. * The DE3 amendment, posted on the House Education Finance Committee's website, will be heard in place of HF2495; this is an informational hearing so there will be no official action taken on the DE3 amendment. Runs 1 hour, 34 minutes.