Minnesota ballot seeks bigger draw from school trust
Minnesota voters will decide on Nov. 3 whether to raise the Permanent School Fund payout from 2.5% to 4.5%, a move that would send more trust earnings to public schools.[1]
The proposal would boost per-pupil distributions from about $68 to $101, adding roughly $28 million statewide without changing property taxes.[1] If approved by a simple majority, the new formula would take effect July 1, 2027 and apply to all Minnesota districts, including Twin Cities schools.[1]
The fund currently pays out at 2.5%. Advocates say raising the rate would direct more of the trust's gains to classrooms now.[1]
The campaign draws on a long-standing idea in education policy: stable, increased funding helps build human capital and can narrow achievement gaps over time.
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📌 Key Facts
- The proposed amendment would increase the Permanent School Fund payout rate from 2.5% to 4.5%.
- Per‑pupil distributions would rise from about $68 to $101, adding an estimated $28 million statewide without changing property taxes.
- If approved by a simple majority on Nov. 3, 2026, the new formula would take effect July 1, 2027 and apply to all Minnesota districts, including Twin Cities schools.
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