Cast your Vote on the Minnesota Constitutional Amendment

This November, Minnesota voters will consider a constitutional amendment regarding school funding via the Minnesota Permanent School Fund (PSF), without increasing existing taxes or costing Minnesotans more money.

What is the Permanent School Fund?

Minnesota's Permanent School Fund 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.

A green rectangle behind the state of Minnesota with two students and heart.

Rather than a one-time spending account, it acts as a permanent endowment, continually generating revenue from Minnesota's natural resources. In the late 1800's most of the land in southern Minnesota was sold to private interests to promote development and agriculture.

Today, over 2.5 million total acres plus 1 million acres used for mineral rights remain. Much of the land is intermingled with county, federal, tribal, private, and other state lands. Revenues generated from trust lands, including timber sales, mining activity, land leases, and other natural resource activities, continue to contribute to the fund. The fund's assets are invested by the State Board of Investment and managed to support both current and future generations of Minnesota students.

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What will be on the ballot?

“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?”

If approved, the amendment would allow Minnesota to distribute up to 4.5% of the Permanent School Fund's average value each year to public schools. A nonpartisan task force believes this approach better reflects modern investment management and would provide additional support to public school students across Minnesota.

In Minnesota, constitutional amendments require a majority of all voters participating in the election to vote yes. If a voter leaves the question blank, it counts as a no vote.

What would the amendment do?

Passage in the Minnesota Legislature was only the first step in trying to update the trust distribution language. Since the trust distribution language is enshrined in the constitution, this now heads to Minnesota’s voters as it requires the majority of Minnesota’s voters for passage.

Current	Proposed
2-2.5% annual distribution	Estimated 4.5% annual distribution
Interest and dividends only	Includes full market value
Around $68 per pupil per district in 2025	Estimated average of $101 per pupil per district

A non-partisan task force analyzed the fund and showed that investment management has evolved significantly since the fund was established. They believe the amendment would allow the fund to better balance:

Support for today's students.
Long-term growth.
Stability and predictability.

Make a plan to vote early or on Election Day, November 3, 2026

Ballots available in person and mail: Friday, September 18
Start of early voting: Friday, October 16
Last day to vote early in person: Monday, November 2
Ballots must be received by: Tuesday, November 3
Election Day: Tuesday, November 3

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Prepared by St. Louis Park Public Schools. This website has not been created on behalf of any candidate or ballot question.