10/28/2026
🗳️ This November, Minnesota voters will consider a constitutional amendment updating how earnings from the state’s Permanent School Fund (PSF) are distributed to public schools across the state.
The proposed amendment asks voters whether to increase the annual distribution to 4.5% of the fund’s three-year rolling average market value.
What Voters Need to Know:
💲 No Tax Impact: Relies strictly on constitutional trust fund revenues generated from state trust lands—it will NOT increase property, income, or sales taxes.
🏫 ISD 194 Impact: If approved, Lakeville Area Schools is projected to receive approximately $393,000 in additional annual revenue starting July 1, 2027.
🗳️ How Voting Works: Constitutional amendments require approval from a majority of all voters participating in the election. A ballot left blank on the amendment is counted as a "NO" vote.
📺 Watch this 2-Minute Overview Video: https://youtu.be/phL5OtEg5no
🌐 Find Resources, Voting Info, & FAQs: isd194.org/psf
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