This November, Minnesota voters will consider a constitutional amendment related to the Permanent School Fund. If the amendment passes, school districts across the state, including Big Lake Schools, could receive additional funding without raising taxes. 

As part of our commitment to keeping stakeholders informed on issues affecting public education, and because the proposed change could have a local impact, we want to provide an overview of what will be on the ballot. 

Important Note: Because this is a Minnesota constitutional amendment question, a blank vote will count as a "No" vote!

What is the Permanent School Fund?

The Minnesota Permanent School Fund has been around since 1858, when state founders set aside public land as a permanent source of support for public education. This land generates revenue through rent and mining & timber rights, which contributes to a big savings account known as the Permanent School Fund. Each year, money from this fund is distributed to every public school district, charter school, and tribal school in Minnesota.

What Would the Amendment Change?

While the fund has supported Minnesota schools for years, and has grown significantly over time, the way money is distributed from the fund has not kept pace with modern investment practices.

The constitutional amendment would allow Minnesota to modernize the distribution formula so more earnings from the fund can support students today while continuing to preserve the fund for future generations. Since the proposal simply updates how annual distributions are calculated, the change would NOT increase taxes.

Why is it on the Ballot?

The recommendation originated from a nonpartisan task force and received strong bipartisan support in both the Minnesota House and Senate. However, because the current formula is contained in the Minnesota Constitution, voters must approve any changes. 

How Would This Impact Big Lake Schools?

Big Lake Schools currently receives approximately $216,000 annually from the Minnesota Permanent School Fund. Based on current estimates, the proposed change could increase the district's annual distribution by approximately $105,000, bringing the estimated total to approximately $321,000 annually.

For more details about the vote and proposal, visit the Minnesota Permanent School Fund Constitutional Amendment website.