PSF Amendment

During the 2026 legislative session, the Minnesota Legislature approved bipartisan legislation to place a question on the ballot in November that would amend the State Constitution. The proposed amendment would modernize the distribution formula from Minnesota's Permanent School Fund (PSF), increasing the funding schools receive without increasing existing taxes or costing Minnesotans more money.

The Permanent School Fund (PSF)

The PSF was established when Minnesota became a state in 1858. It was created to support public education through revenues generated from school trust lands and investments held for the benefit of Minnesota students.

The Amendment

Between May of 2024 and January of 2026, a work group examined historical returns on the PSF endowment. They found that the fund has grown significantly, from about $675 million in 2010 to more than $2.3 billion today. Based on their findings, they recommended an updated distribution formula that would increase support for today’s students while maintaining the fund as a long-term resource. Their recommendation received broad bipartisan support. 

The Vote

Minnesota voters must approve the amendment on this November’s ballot. If a voter skips the Permanent School Fund amendment question and leaves it blank on their ballot, it will be counted as a “no” vote. Because a blank question counts as a "no" vote, please carefully review your ballot and completely fill in the bubble of your choice on the Permanent School Fund amendment question. 

The Impact on ISD 199

If the Permanent School Fund amendment is approved by voters, new funding for ISD 199 would support the equivalent of one teacher. In a time when inflation has far outpaced state funding for schools, any new funding makes a big impact.

Learn more about the Permanent School Fund at the button below.

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