--- ## title: 2026-27 Permanent School Fund date: D:20260807153546-05'00' --- ## PERMANENT ## SCHOOL FUND ## Constitutional Amendment Overview ## Greg Cole, Superintendent August 10, 2026 3 things to know: ●There is an election this November t o change the funding formula for the State of Minnesota ’s P ermanent School Fund. ●The P ermanent School Fund already exists, formed in 1858. ●The amendment pro vides additional school funding, is a sustainable annual contribution to school budgets, and does not r aise property taxes. ## PERMANENT SCHOOL FUND ## Constitutional Amendment ## 08-10-26 N-1 ●Fund balance has increased from $675 million to $2.3 billion over the past 15 years. ●Distribution formulas have not changed. ●Changes in distributions require voter approval through a constitutional amendment. ## PERMANENT SCHOOL FUND Why is this being proposed? ●Current per-pupil funding would increase from $68 per pupil to $91 per pupil. ●Generates $1 million annually. ## PERMANENT SCHOOL FUND How does this impact Anoka-Hennepin funding? ## 08-10-26 N-2 ## OFFICIAL BALLOT LANGUAGE “Shall the Minnesota Constitution be amended to increase the funding going to all school districts from the permanent school fund, which is a fund that supports school districts without raising individual income or property taxes, effective July 1, 2027?” Voters who bypass voting on the ballot measure are considered “no” votes. ## PERMANENT SCHOOL FUND What voters will see on the ballot ## PERMANENT SCHOOL FUND Official website www.mnpsfamendment.org ## 08-10-26 N-3 ## Greg Cole ## Superintendent greg.cole@ahschools.us 763-506-1002 ## THANK YOU ## 08-10-26 N-4