Minnesota faces an increasing rural-metro disparity in local Referendum Market Value (property wealth1) per pupil with Greater Minnesota lagging the metro by 51 percent, according to a new map released by MREA.
The map shows patterns in Referendum Market Value by Residential Pupil Units as a measure of Minnesota school district property wealth in the past year.
To better understand the Referendum Market Value per Resident Pupil Unit (RMV/RPU) of a district and the overall state picture, view the interactive map.
KEY FINDING #1
Greater Minnesota lags the metro in RMV/RPU by 51% when calculated on a per pupil basis.
|Rural Household Income, Property Value and Operating Referendum Lag Metro in all Three Measures of Wealth and Revenue|
|Median Household Income (2017)||Referendum Property value per Pupil (’18-’19)||Referendum Revenue above Basic Formula (’18-’19)|
|Metro/Rural Funding Difference||($25,119)||($225,986)||($683)|
|Metro/Rural Difference as Percentage of Rural Base||45%||51%||72%|