In July of 2021, the school board approved a $18,375,000 Long Term Facility Maintenance (LTFM) plan. This plan allows the school board to use its authority (voter approval is not needed) to address significant health and safety facility maintenance needs. The State of Minnesota expects boards to use this authority to take care of basic needs for the functioning of buildings and the health and safety of students and staff.
In August of 2021, the school board called for a special election on Tuesday, November 2, 2021, to (Question 1) renew the existing technology levy and (Question 2) authorize general obligation bonds not to exceed $26,450,000 for facility improvements. Unlike the LTFM plan, these two questions will be presented to voters for approval.
TAX IMPACT ON BOARD AUTHORITY (voter approval is not needed)
Board Authority - LTFM is $18,375,000
$63.00/year = $5.25/month (based on Sauk Centre home – average market of $175,000)
TAX IMPACT ON QUESTION 1 (voter approval is required)
Tech Levy - $259,805/year
Renewing - no additional tax impact
TAX IMPACT ON QUESTION 2 (voter approval is required)
Learning Environment Improvements for $26,450,000
$232.00/year = $19.33/month (based on Sauk Centre home – average market of $175,000)
TAX IMPACT CHART BELOW (click to enlarge)
AG2SCHOOL TAX CREDIT