2026 General Election
Minnesota Voters to Consider Permanent School Fund Constitutional Amendment
Minnesota voters will see a statewide constitutional amendment on the November 3, 2026 ballot concerning how money from the Permanent School Fund is distributed to public schools.
Informational Notice: This information is provided to help community members understand the ballot question. Mesabi East School District is providing factual information and is not advocating for or against the proposed amendment.
What is the Permanent School Fund?
Minnesota's Permanent School Fund dates back to statehood and was established to provide ongoing financial support for public education.
The fund includes money generated from Minnesota's school trust lands and natural resources, including timber, mining activity, land leases, and other sources. Those funds are invested by the state, with proceeds distributed to public school districts across Minnesota.
What would the amendment change?
Under the current system, distributions from the Permanent School Fund are generally based on interest and dividend earnings generated by the fund.
The proposed constitutional amendment would allow Minnesota to use a different distribution model. Under the legislation approved by the Minnesota Legislature, the annual distributable amount would equal:
4.5% of the average net asset value of the Permanent School Fund over the preceding three fiscal years.
The change would alter how money already held and invested in the Permanent School Fund is distributed to Minnesota school districts.
The proposal does not create a new individual income or property tax. If voters approve the amendment, the new distribution method would take effect July 1, 2027, for aid payable in fiscal year 2028.
What will voters see on the ballot?
The ballot title will be:
Increasing funding to school districts
The official ballot question will ask:
“Shall the Minnesota Constitution be amended to increase the funding going to all school districts from the permanent school fund, which is a fund that supports school districts without raising individual income or property taxes, effective July 1, 2027?”
Voters will be able to select Yes or No on the question during the November 3, 2026 general election.
Learn More
Watch: Minnesota Permanent School Fund
The Minnesota School Boards Association has produced a video explaining the Permanent School Fund and the proposed constitutional amendment.
Additional Information
Additional information about the Permanent School Fund and the proposed constitutional amendment is available from the Minnesota School Boards Association and the Minnesota Legislature.