Minnesota House Passes K-12 Spending Package That Includes $2.2 Billion Education Boost

By Caroline Cummings, CBS Minnesota:

ST. PAUL, Minn. — A large K-12 education funding package that includes a $2.2 billion boost for schools is on its way to Gov. Tim Walz's desk for signature.

It includes indexing the per pupil formula funding to the rate of inflation in future years—capped at 3%—with a boost of 4% next fiscal year and 2% the following year. There's additional money to cover some of the costs for special education programs, recruit more teachers of color and hire more school psychologists.

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