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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Program Evaluation Division

Debt Service Equalization for School Facilities

March 4, 2019

Minnesota’s Debt Service Equalization program was designed to offer state aid to school districts with low property wealth and high capital debt for help with constructing or renovating their school facilities. Relative to the program’s earlier years, Debt Service Equalization aid now represents a small amount of funding, and few school districts receive it. OLA’s report offers options for the Legislature to consider so that more school districts might obtain state help.

Update released in 2020.