SAINT PAUL, Minn. — Minnesota voters have approved a constitutional amendment increasing the amount of money distributed annually from the state’s Permanent School Fund. The amendment raises the annual distribution from 2.5% to 4.5% of the fund’s value. The fund, which is supported by revenue from state trust lands, is valued at approximately $2.3 billion. The change is expected to provide additional funding for public schools without increasing individual income or property taxes. The amendment takes effect July 1, 2027.
