Voters in Burnsville-Eagan-Savage School District 191 will be asked to vote on two school funding requests that were placed on the November 7 ballot by a unanimous vote of the Board of Education.
There will be two questions on the ballot:
Faced with an operating levy set to expire and a need for additional revenue, the Burnsville-Eagan-Savage District 191 Board of Education unanimously approved asking voters to consider two school funding requests on the ballot for Election Day, Nov. 7.
Requests are:
An operating levy, approved by voters in 2007, is expiring next year. It provides $7.3 million for day-to-day school and district operating expenses, including teacher salaries, transportation costs, utilities, classroom supplies and other supports to student learning.
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Looking ahead ... |
The annual operating levy will decline by about 2.4% in Burnsville-Eagan-Savage School District 191 next year primarily because debt has been refinanced to lower interest rates.
The District 191 Board of Education has taken advantage of lower interest rates to refinance eligible bonds recently. This is similar to when homeowners refinance their mortgages to lower interest rates thus lowering their payments.
The annual operating levy could decline slightly in Burnsville-Eagan-Savage School District 191 primarily because debt has been refinanced to lower interest rates.
The preliminary annual operating levy approved by the Board on Sept. 29 would raise about $38.3 million for the 2017-18 school year, about $644,000 less than the current year’s levy.
By Dec. 31, the school board must approve a final property tax levy which is the first step in the budgeting process for the 2017-18 school year.
The Burnsville-Eagan-Savage School District 191 Board of Education approved a preliminary annual operating levy on Sept. 24 that will locally raise about $39 million for the 2016-17 school year. The levy will provide about 20 percent of the district's total revenue. School districts receive most of their revenue from the State of Minnesota.
The Burnsville-Eagan-Savage School District 191 Board of Education approved a preliminary annual operating levy recently that will locally raise about $34.9 million for the 2015-16 school year. This is about 20 percent of the district's total revenue. School districts receive most of their revenue from the State of Minnesota.