The Permanent School Fund Amendment

This November, Minnesotans vote on a statewide constitutional amendment that would send more money from Minnesota's existing Permanent School Fund to every public school district, charter school, and tribal school — without raising income taxes or property taxes.

This Does Not Cost You a Dollar

This is the part that gets lost. A "Yes" on this amendment does not raise your income taxes, and it does not raise your property taxes. There is no new tax attached to it, no rate change, and no new line on any bill you pay. It simply lets an existing state trust fund — money the state already has — do more of what it was created to do.

This is not a levy. It is not a bond. It is not a school board race. It does not raise your income or property taxes — not by one dollar.

The Permanent School Fund is an existing statewide trust worth more than $2.3 billion. This amendment changes only how much of it reaches schools each year.

If you are the kind of voter who reads a school ballot question and immediately looks for the tax increase hidden inside it — a fair instinct — this is the rare one where there is nothing to find. The money already exists. The only question is whether more of it is allowed to reach classrooms.

Not the Ballot Item You Think It Is

Most school-related votes ask you to open your own wallet. This one does not. The table below lines up the three kinds of school questions people mix up — so it is clear which one this is, and which ones it is not.

Three different school ballot questions, side by side
Question New tax on you? Where the money comes from Who decides
Local levy or bond referendum Yes — raises local property taxes Your household & local property owners Voters in this district
School board race No — but it's about who governs Not a funding question at all Voters in this district
Permanent School Fund amendment No — zero new taxes An existing $2.3B statewide trust fund All Minnesota voters, statewide
The bottom row is what's on the ballot here. It is a separate statewide question — not a local levy, not a bond, not a board seat.
What this vote IS
  • A statewide constitutional amendment on the November 2026 ballot.
  • A change to how much of an existing trust fund reaches schools each year.
  • Money for every Minnesota public school district, charter school, and tribal school.
  • Funded entirely by a fund the state already owns and manages.
What this vote is NOT
  • A property tax increase.
  • An income tax increase.
  • A local levy or bond referendum.
  • A school board race.
  • A new program districts have to apply for.

An Existing Fund, Working Harder

The Permanent School Fund has supported Minnesota public schools since statehood in 1858. It has grown dramatically — but an outdated rule in the state constitution keeps most of that growth locked away from schools. This amendment updates that rule.

How the fund has grown
YearFund value
2010~$675 million
2025more than $2.3 billion

What the rule change does

Today, the constitution limits annual school distributions mostly to interest and dividends — even though modern investment growth also comes from market gains. The amendment updates the formula so schools can receive up to 4.5% of the fund's three-year average value each year. Supporters estimate this would raise annual per-student distributions by about 40%.

The Old Rule
Schools receive mostly interest and dividends only — leaving decades of market growth sitting in the fund, unused by students.
The New Formula
Schools can receive up to 4.5% of the fund's three-year average value each year — roughly a 40% increase in per-student distributions.
Who Benefits
Every Minnesota public school district, charter school, and tribal school — automatically, through the existing distribution process.
Still Protected
The fund stays dedicated to public education and managed as a permanent trust for today's students and future ones.

Districts would not need to apply for the money or stand up a new program to receive it. The fund keeps working as a permanent trust — the amendment simply lets a fairer share of its growth reach classrooms now.

Statewide Money, Local Benefit

For Forest Lake Area Schools, the practical point is simple: this is a statewide opportunity to bring additional per-student funding into our schools without adding a single local tax request.

It does not replace the work of evaluating local board candidates or any local levy questions on their own merits — those are separate decisions, and they should be judged separately. This is its own ballot question, standing on its own.

Skipping this question has the same practical effect as voting no.

Minnesota constitutional amendments pass only with a majority of everyone voting in the election — so a blank counts against it.

A Blank Vote Counts as No

Minnesota constitutional amendments need a majority of all voters participating in the election — not just a majority of those who mark the question. That means leaving it blank does not sit the vote out; it quietly counts against passage.

So if you support more school funding coming from the existing Permanent School Fund — at no new cost to you — you have to actually mark "Yes." Turning the ballot over without touching this question is the same as voting no.

Mark "Yes"
Counts toward passage. More money to schools from the existing fund, no new taxes.
Mark "No"
Counts against passage.
Leave it blank
Also counts against passage — the same practical effect as a "No."
Bottom line
If you're for it, you have to mark it. Silence is a "No."

If You Read Nothing Else

Vote Yes on the Permanent School Fund amendment: modernize an existing statewide school trust fund and increase funding for every Minnesota public school — without raising income or property taxes. This is not a school board race and not a levy.

Where This Comes From

More topics in this series will be added here as they're published.

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