Minnesota Revenue offers two valuable tax benefits for parents who purchase school supplies for their K-12 students, the K-12 Education Credit and Subtraction. These benefits can reduce parents’ taxes to increase their refund, but is only available for those who keep their receipts. Purchases for most school supplies, field trips, and musical instruments for school band are eligible.
Energy efficiencies that were part of Vision One91 construction at Burnsville High School have resulted in a $145,000 rebate check to Burnsville-Eagan-Savage School District 191 recently.
Jane Siebenaler, business account executive with Dakota Electric Association, presented the check at a meeting of the District 191 Board of Education in February. The rebate check is a reward for energy efficiencies primarily in lighting and heating.
By refinancing some of its debt to a lower interest rate, Burnsville-Eagan-Savage School District 191 will save nearly $6.14 million in interest over a 15-year-period.
The timing was perfect and savings are greater than expected because interest rates are at a 50-year low, according to Jeff Seeley of Ehlers and Associates. In addition, he said there was a lot of interest in the bond sale because the district has a strong financial rating.