This November, Minnesota voters will consider a constitutional amendment related to the Minnesota Permanent School Fund (PSF). As part of our commitment to keeping stakeholders informed on issues affecting public education, we want to provide an overview of the proposed amendment.
The Permanent School Fund was established when Minnesota became a state in 1858 and is one of the oldest sources of funding for public education in the state. Public lands were set aside specifically to generate revenue for public education. Revenue from school trust lands -- including timber, mining, leases, and other natural resource activities -- is deposited into the fund and invested through the Minnesota State Board of Investment.
Today, the fund has grown to more than $2.3 billion through revenue generated from school trust lands and investment earnings and provides annual distributions to every public school district, charter, and tribal school in Minnesota.
By 1900, many of the original acres in the southern part of the state had been sold. State policy then shifted to preserving remaining lands for the long-term interest of Minnesota’s Public School students.
In 2024, Minnesota Legislature establishes nonpartisan task force to evaluate and make recommendations to the legislature.
January 2026, the permanent school fund task force reported their recommendations to the legislature.
In May of 2026, The Minnesota House and Senate passed legislation to update how the Permanent School Fund is distributed.
Make sure you flip over your ballot to vote on this important MN Constitutional Amendment!
To Learn More: https://www.yout-ube.com/watch?v=phL5OtEg5no