STATE OF MINNESOTA THIRTY-FOURTH MEETING
HOUSE OF REPRESENTATIVES NINETIETH SESSION
EDUCATION FINANCE COMMITTEE
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.
LOON, Jenifer, Chair
BENNETT, Peggy, VC
DAVNIE, Jim, DFL Lead
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