WHAT
THE AMENDMENT DOES
WHAT WOULD CHANGE? AND WHY?
Passage in the Minnesota Legislature was only the first step in trying to update the trust distribution language. Since the trust distribution language is enshrined in the constitution, this now heads to Minnesota’s voters as it requires the majority of Minnesota’s voters for passage.
2-2.5%
annual distribution
Interest and dividends only
Around $58per pupil per district
Estimated 4.5% annual distribution
Includes full market value
Approximately 40% increase per pupil per district
THE
TASK FORCE
The non-partisan task force that analyzed the fund showed that investment management has evolved significantly since the fund was established. They believe the amendment would allow the fund to better balance:
-
Support for today's students.
-
Long-term growth.
-
Stability and predictability.