Aid and Tax Shift Buyback
Minnesota Department of Education sent this bulletin at 07/25/2013 12:49 PM CDT
TO: Business Managers
FROM: Division of School Finance
DATE: July 25, 2013
SUBJECT: Aid and Tax Shift Buyback
2013 Legislation and the latest Minnesota Management and Budget economic update make it possible that charter schools will return to a 24-period state aids payment schedule beginning in October 2013. The effect is that state aid will have been over-advanced to charter schools in the period July 15 through September 30. View the Aid and Tax Shift Buyback memo for further explanation and how to prepare in the event the payment schedule changes from 16 periods to 24 periods.
Contact: Audrey Bomstad at 651-582-8793.
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