Minnesota Voters Will Decide If Schools Can Draw More From $2.3B Fund Established In 1858, Without Raising Taxes

CBS Minnesota

May 28, 2026

What if Minnesota schools could get more funding without your taxes increasing by even a single cent? Yes, it sounds too good to be true. But a proposal along those lines will be on ballots this fall.

With bipartisan backing from the Legislature, voters will be asked if the state constitution should be amended so that schools would receive more support from a fund that has been growing since Minnesota's early statehood.

Established in 1858, the Permanent School Fund provides annual disbursements to every public school district in the state. The fund grew to $2.3 billion as of 2025.

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