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Two school funding requests will be on Nov. 7 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:
District 191 Board to consider levy renewal, increase
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.
Approved budget provides stability for programs, staffing
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Looking ahead ... |
District 191 tax levy will decrease in 2017
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.
Levy could decrease slightly due to refinanced bonds
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.
District property tax levy will increase for next 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.
District property tax levy may increase for next year
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.