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Dassel-Cokato Schools 2013 School Support Levy

Dassel-Cokato Schools 2013 School Support Levy. November 5, 2013. Our Current School Support Levy. Will expire after the 2014 – 15 school year. I s $469.00 / student Is used for a variety of expenses including: • Reducing class size

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Dassel-Cokato Schools 2013 School Support Levy

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  1. Dassel-Cokato Schools 2013 School Support Levy November 5, 2013

  2. Our Current School Support Levy • Will expire after the 2014 – 15 school year. • Is $469.00 / student • Is used for a variety of expenses including: • Reducing class size • Updating technology so that our students are ready to compete in the 21st Century workplace. • Providing technical college and college credit classes. • Off-setting bus fuel and heating costs. • Enhancing foreign language opportunities for high school students. More students will be able to enroll in Spanish in 2013-14 than in previous years.

  3. Current Levy Uses Continued • Expanding science and math opportunities for high school students. • Updating Media Center book collections. • Providing support to students who struggle academically so that they can reach their highest potential. • Hiring additional coaches and advisors as needed based upon student numbers

  4. Proposed School Support Levy • Will replace the last year of our current levy and last for 10 years with a small inflationary increase each year based upon the Consumer Price Index • Will increase our annual revenue by $450,000. • Includes $438 / pupil of voter approved levy and $212 / pupil of location equity aid for a total of $650 / pupil. • Will be used to continue the efforts that we have in place including those previously listed. • Should allow us to remain financially stable into the foreseeable future.

  5. Annual Tax Annual Tax Taxable Impact Impact Market Value Current Levy Proposed Levy Difference $50,000 ($29.57) $33.10 $3.53 $75,000 ($44.35) $49.65 $5.30 $100,000 ($59.13) $66.20 $7.07 $125,000 ($73.91) $82.76 $8.85 Residential $150,000 ($88.70) $99.31 $10.61 Homestead $175,000 ($103.48) $115.86 $12.38 $200,000 ($118.26) $132.41 $14.15 $225,000 ($133.05) $148.96 $15.91 $250,000 ($147.83) $165.51 $17.68 $500,000 ($295.66) $331.02 $35.36 $750,000 ($443.49) $496.53 $53.04 $1,000,000 ($591.32) $662.05 $70.73 $250,000 ($147.83) $165.51 $17.68 $500,000 ($295.66) $331.02 $35.36 Commercial/ $1,000,000 ($591.32) $662.05 $70.73 Industrial $5,000,000 ($2,956.59) $3,310.23 $353.64 80 Acres $ 624,000 ($88.70) $99.31 $10.61 Agricultural * 160 Acres $1,104,000 ($88.70) $99.31 $10.61 Homestead 320 Acres $2,064,000 ($88.70) $99.31 $10.61 640 Acres $3,984,000 ($88.70) $99.31 $10.61 What is the tax impact of the proposed levy? Tax impact is based on a $438 / pupil voter approved levy and a $212 / pupil location equity aid levy.

  6. Why is the tax impact so low? • During the 2013 legislative session the legislature passed a bill that improved equalization for property poor districts such as Dassel-Cokato. • Equalization on the current levy is about 41%. • Equalization on the proposed levy will be about 58%. • For every dollar raised through the levy 58 cents comes from the state tax base and 42 cents comes from the local tax base.

  7. What is Location Equity Aid? • During the 2013 legislative session the legislators created a category of funding called Location Equity Aid. • Our district qualifies for $212.00 / pupil of Location Equity Aid. • Location Equity Aid is automatically levied on local taxpayers and equalized by the state just like a voter approved levy (58% state tax base and 42% local tax base). • The total levy amount will equal $650/pupil ($438.00 + $212.00) but only $438.00 needs to be approved through a vote

  8. How does local school tax effort compare with surrounding communities?

  9. How does our current school support levy compare to surrounding schools? • State Average $899.00 • Hutchinson $807.00 • Delano $733.00 • Annandale $709.00 • Maple Lake $699.00 • Litchfield $600.00 • HLWW $559.00 • Dassel-Cokato $469.00 • Rockford $395.00

  10. In Summary • On November 5 voters will be asked whether or not they approve of a $438 / pupil school support levy. • If approved the total school support levy will be $650 / pupil because we will be receiving $212 / pupil in equity aid. $438 + $212 = $650 • Annual impact on a $175,000 house will be $12.38 and will bring in additional revenue of $450,000 / year.

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