Skip to main content

State to make good on IOUs to school districts


School districts across the state will be listening intently on Monday as Minnesota budget officials explain how much back-pay the state will shell out to them.

The Associated Press reports that the money coming to schools will arrive as a result of the improving economy and higher tax collections. In recent years, state legislators trimmed more than $2 billion in payments to schools to cover state government's budget. A large percentage of that loan has been repaid, but the districts still hold outstanding IOUs in the $800 million range.

Schools are first in line for any excess tax collections. A law passed last spring gave finance officials until Sept. 30 to figure what was left after the fiscal year closed on June 30.

There have been numerous groups that have lobbied for the state to repay its debt to school districts.

Next Up

chad davis arradondo flickr

Minneapolis police chief Medaria Arradondo to retire next month

He's overseen the MPD since mid-2017, following the killing of Justine Ruszczyk Damond


Minnesota's COVID-19 update for Monday, December 6

The latest from the state health department.


'Minneapolis, we're coming!!!': Foo Fighters announce rescheduled concert

The previously announced Huntington Bank Stadium was cancelled.

brave new workshop

Brave New Workshop gets new owners in Hennepin Theatre Trust

It is the longest-running satirical comedy theater in the nation.

Screen Shot 2021-12-06 at 8.05.11 AM

Minnesota firefighters mourn sudden death of colleague

Aaron Bidle of the Loretto Fire Department passed away suddenly Wednesday.

flickr - thin ice warning - USFWS Midwest

Snowmobiler goes through the ice on lake near Duluth

Ice thickness varies greatly throughout Minnesota right now.

snow, measuring snow, snow totals

Here's how much snow fell during the weekend winter winter storm

The Highway 2 corridor in north-central Minnesota was the bullseye.

Minneapolis Fire Department

Roof collapses on 3 firefighters in south Minneapolis

The fire happened at a residence east of Lake Nokomis on Sunday.

Joleigha Johnson

42-year-old Minnesota woman missing since December 1

She drives a white 2009 Chevrolet Impala.

icy roads, bad roads

20-year-old killed in crash on icy highway during Sunday snowstorm

More than a foot of snow had fallen in the area where the crash occurred.

Mike Zimmer

Vikings fans clamor for change after latest bad loss under Mike Zimmer

The "fire Mike Zimmer" tweets are raging on Twitter again.