Minnesota Voters to Decide on Permanent School Fund Revenue Distribution Amendment
Minnesota voters will decide in November on a constitutional amendment that would change how the state's $2.3 billion Permanent School Fund distributes revenue to public schools. The proposed change, based on a unanimous recommendation from the Permanent School Fund Task…
Minneapolis St. Paul, MN, August 25, 2026 —
Minnesota voters will head to the polls in November to decide on a constitutional amendment that could alter the distribution of revenue from the state’s $2.3 billion Permanent School Fund to public schools.
The proposed amendment, which stems from a unanimous recommendation by the Permanent School Fund Task Force, seeks to establish a new framework for how the fund’s earnings are allocated. If approved by voters, the change would institute a distribution equal to 4.5% of the fund’s average net asset value over the three preceding fiscal years.
Proponents of the amendment argue that this adjustment will lead to more predictable annual support for public education. The proposed change is also anticipated to potentially increase statewide distributions to schools by approximately $28 million in 2025. A key feature of the proposal is that it aims to achieve this increased support without necessitating any tax increases for Minnesotans.
The Permanent School Fund, a significant financial resource for the state’s public education system, has undergone review to ensure its long-term sustainability and optimal benefit to schools. The task force’s unanimous recommendation underscores a broad consensus on the need for this adjustment to the fund’s distribution mechanism.
The upcoming vote in November will give Minnesotans the opportunity to directly influence the financial support directed towards their public schools through this constitutional amendment. The outcome will determine whether the proposed 4.5% distribution model is adopted, potentially reshaping the annual revenue stream from the Permanent School Fund.
Story summarized from the original created by Milind Sohoni on www.minnpost.com, see more information here.
