Permanent School Fund Information
This November, Minnesota voters will consider a constitutional amendment related to the Permanent School Fund, a resource that has supported public education since Minnesota became a state in 1858.
Here are a few key facts:
• The Permanent School Fund already exists and currently supports public schools throughout Minnesota.
• The fund has grown to more than $2.3 billion through revenue generated from school trust lands and investment earnings.
• The proposed amendment does not raise property taxes, income taxes, sales taxes, or any other tax.
• The recommendation came from a nonpartisan legislative task force that unanimously recommended modernizing the distribution formula.
• The proposal later received strong bipartisan support from the Minnesota Legislature.
• If approved by voters, the amendment would increase support for public schools while preserving the long-term strength of the fund.
- The proposed amendment does not raise property taxes, income taxes, or any other tax.
To learn more about the Permanent School Fund amendment, including frequently asked questions, background information, and voter resources, visit:
www.mnPSFamendment.org
As always, we encourage community members to become informed and participate in the election process.
The link below is a short video clip with similar information:
https://youtu.be/phL5OtEg5no
Thank you,
Superintendent Molly Schilling