SPECIAL SCHOOL DISTRICT NO. 1 Board of Education

Similar documents
Property Taxes. Property Taxes. Property Taxes: From Levy Certification to Individual Tax Statement

Operating Referendum: Background Information and Trends Round Lake-Brewster Public Schools

Department of Revenue Analysis of H.F.3 (Magnus) 1 st Engrossment of House Bill Analysis Revised for Administrative Appropriations Beyond FY 2005

Levies. School Board Work Session May 3, 2018

A History of the School Operating Levy Referendum

OVERVIEW MINNESOTA PROPERTY TAX SYSTEM AND SCHOOL DISTRICT LEVY PROCESS Payable 2006 Levy

Rockford Area Schools

OVERVIEW MINNESOTA PROPERTY TAX SYSTEM AND SCHOOL DISTRICT LEVY PROCESS Payable 2008 Levy

Hopkins Public Schools #270. December 5, 2017 Presented by John Toop Director of Business Services

Indiana s Property Tax Reforms, and Beyond

Property Taxation 101 Updated August 2016

Shifting Property Taxes:

Truth in Taxation 2018 Proposed Property Tax Levy. Monticello Public Schools District Office December 4, :00 pm

Chatfield Public School

Chatfield Public School

Great Start January 11, 2017 Patty Heminover Springsted Incorporated

City Council Report 915 I Street, 1 st Floor

JUNE 5, 2014 CONFERENCE CALL WITH TAX PROFESSIONALS AND SOFTWARE VENDORS

HOST OVERVIEW. 05 Oct 2012 (17 pages) Cherokee County where metro meets the mountains

LaCrescent-Hokah School District

Overview of Property Taxes

Truth-in-Taxation Instructions for Payable 2019

Minneapolis Public Schools Special District No. 1 Minneapolis, Minnesota. Financial Statements. June 30, 2016

Property Tax 101. Amy Koethe Dakota County Property Taxation & Records Jeanne Vogt - Ehlers

Minneapolis Public Schools Special School District No. 1 Minneapolis, Minnesota. Financial Statements. June 30, 2017

Overview of Property Taxes. Presentation to House Property and Local Tax Division January 2017

CHAFFEE COUNTY RESOLUTION NO

BARRON COUNTY RESOLUTION NO Resolution Supporting Dark Store Loophole Referendum TO THE BARRON COUNTY BOARD OF SUPERVISORS:

Financing Education In Minnesota A Publication of the Minnesota House of Representatives Fiscal Analysis Department

Property Tax System Overview. Prepared for the Property Tax Working Group

Taxation Hearing Eastern Carver County Schools December 12, 2013

HEA 1001 More than Property Tax Relief September 12, 2008

Thank you for the opportunity to speak today regarding H.B

Executive Summary IV.The.Role.of.Property.Valuation V.Explaining.Homestead.Property.Tax.Growth... 22

PROPERTY TAXES LEVIED IN MINNESOTA: SUMMARY TABLES FOR TAXES PAYABLE 2001 TABLE OF CONTENTS

ARLINGTON COUNTY, VIRGINIA

St. Francis Area Schools

Minneapolis Public Schools Special School District No. 1 Minneapolis, Minnesota. Financial Statements. June 30, 2018

Oak Park School District 97, Cook County, IL

Limited Market Value (LMV) A Study of Who Benefits and Who Pays. Presented by Dan Salomone, Commissioner February 2005

Property Tax Calculation Workbook

The Basics of Local Government Budgeting

Initiative 3 INITIAL FISCAL IMPACT STATEMENT Date: Fiscal Analyst: LCS TITLE: Disclaimer. Summary of Measure Background Assumptions State Revenue

GENERAL ASSEMBLY OF NORTH CAROLINA SESSION HOUSE BILL DRH40552-MCx-164 (04/05)

Updated 5/17/2018 8:30 AM Oakland County Official Proposal List August 7, 2018 Primary Election

NC General Statutes - Chapter 160B Article 5 1

RESOLUTION NUMBER 3415

Independent School District No. 14 Fridley, Minnesota. Financial Statements. June 30, 2018

WHEREAS, notice of the public hearing was duly given as required by Section of the Act or has been duly waived by the property owner; and

Reorganization Discussion

Department of Revenue Analysis of H.F (Abrams)/ S.F (Moua) As Proposed to be Amended. General Fund $0 $0 $0 $0

ANNUAL FINANCIAL REPORT OF MINNEAPOLIS PUBLIC SCHOOLS SPECIAL SCHOOL DISTRICT NO. 1 MINNEAPOLIS, MINNESOTA YEAR ENDED JUNE 30, 2012

PACKET 3 Disaster Relief and Follow Up Introduction to Disaster Relief and Follow Up

ANNUAL FINANCIAL REPORT OF MINNEAPOLIS PUBLIC SCHOOLS SPECIAL SCHOOL DISTRICT NO. 1 MINNEAPOLIS, MINNESOTA YEAR ENDED JUNE 30, 2013

A Review of the Georgia Property Tax

Statewide General Property Tax October 2017 Special Update

LEGAL COMPLIANCE MANUAL PUBLIC INDEBTEDNESS

This publication is a slight revision of four news releases recently made available to Oregon newspapers.

City of Ann Arbor Treasury Services Unit Matthew V. Horning, Treasurer

Statewide General Property Tax December 2018 Update

Property Tax Refund Timeline and Historical Data

Denise Gaida Todd County Auditor-Treasurer st Ave S, Suite 201 Long Prairie, MN

ORDINANCE NUMBER 1174

City of Crescent City Measure Q City Attorney s Impartial Analysis of Measure Q

Budget & Proposed 2019 Property Taxes

The Omnibus Property Tax Relief and Reform Act

Property Tax Inventory

Model Ordinance after the Street v. Director of Revenue Decision and SS for HB 184 Local Use Tax and Options on Out of State Vehicle Purchases

Property Tax Relief Frequently Asked Questions Act 72 of 2004: The Homeowner Tax Relief Act

PROPERTY TAX Repeal Various State Aid, Credit and Property Tax Programs. March 1, 2011

Feasibility Study Fiscal Disparities Calculations Incorporating Current Year Tax Rates. Pursuant to: Minnesota Statutes Chapter 473F

ORDINANCE NUMBER 1104

11/5/15. Levies 101: A Crash Course for Board Members. Where are we going today? Disclaimer. Level-setting: terminology What are our options?

Antietam School District Act 1 Local Tax Study Commission December 11, 2006

INDEPENDENT SCHOOL DISTRICT NO. 719

River Forest Community School Corporation. Forging Ingots Together

IC Chapter 17. Procedures for Fixing and Reviewing Budgets, Tax Rates, and Tax Levies

CHAPTER 21 COLLECTION OF DELINQUENT TAXES

Michigan s Experience With School Reform

AMENDMENT RESOLUTION FOR ADOPTION BY THE BOARD OF EDUCATION HEMLOCK PUBLIC SCHOOLS BUDGETS

Source: Pinellas County, Florida Bonded Debt Report for the Fiscal Year ended 9/30/11 by Clerk of the Circuit Court I-2

MISSISSIPPI LEGISLATURE REGULAR SESSION 2018

CITY OF MOUNTLAKE TERRACE ORDINANCE NO. 2711

06.07 ALTERNATE METHODS OF TAXATION

STAFF REPORT Fiscal Year Retirement Tax Rate SUMMARY

ASSESSOR S CALENDAR. Assessor Submits Tax Numbers The assessor must provide a list of tax numbers to be recorded by the county recorder without fee.

IC Chapter 17. Procedures for Fixing and Reviewing Budgets, Tax Rates, and Tax Levies

MANKATO PUBLIC SCHOOLS INDEPENDENT SCHOOL DISTRICT NO. 77 FINANCIAL STATEMENTS YEAR ENDED JUNE 30, 2016

2013 Supplement to the Minnesota Tax Handbook

State of the District

Senate File 1209 (Pogemiller, D-Minneapolis) (passed and laid on the table 03/23/05)

RESOLUTION NO

ONDIDO /1000. Agenda Item No.: Date: July 14, TO: Honorable Mayor and Members of the City Council. FROM : Gilbert Rojas, Director of Finance

LEVY OVERVIEW AND LEVY CERTIFICATION INFORMATION. Tax Levy Workshop

The City of Arden Hills Truth-In-Taxation Hearing:

FINANCING CAPITAL PROJECTS: Strategies to Make Your Project a Reality

Washington State Procedures for Local Governments to Conduct a Divided Referendum for Medicare Part A Hospital Insurance (Medicare-only) Coverage

AN ACT. Be it enacted by the General Assembly of the State of Ohio:

The City of Arden Hills Truth-In-Taxation Hearing:

AGENDA REPORT. DATE: July 25, City Commission. Mike Herr, City Manager. Proposed Millage Rate EXECUTIVE SUMMARY:

Transcription:

SPECIAL SCHOOL DISTRICT NO. 1 Board of Education August 9, 2018 AMENDED RESOLUTION REGARDING SCHOOL DISTRICT QUESTIONS ON THE NOVEMBER 6, 2018 GENERAL ELECTION BALLOT WHEREAS, The Board of Directors of Special School District No 1. has determined that it is necessary to add revenue to the district s operating budget to ensure sustainable fiscal stability; and WHEREAS, The Board has determined that this revenue would be generated by approval of two property tax funding questions, which will be submitted to the voters during the November 6, 2018, general election; and WHEREAS, The proposed operating referendum revenue and capital project levy (technology levy) authorizations would each be applicable for seven (7) years, beginning with taxes payable in 2019; and WHEREAS, The proposed new revenue would first become available to the district budget for the 2019-2020 school year. NOW, THEREFORE BE IT HEREBY RESOLVED that the Board of Directors of Special School District No 1. call a special election and such notice is hereby given, in accordance with the following procedures and others as may be required: The ballot questions shall be submitted to the qualified voters of the school district in a special election which is hereby called and directed to be held in conjunction with the November 6, 2018, general election. For the operating referendum revenue question, the property tax portion of the revenue authorized will require an estimated referendum tax rate of approximately 0.03589% of the referendum market value of all classes of taxable property in the School District, as defined by Minnesota Statutes. For the capital project levy (technology levy) question, the property tax portion of the revenue authorized will require an estimated referendum tax rate of approximately 2.249% of the adjusted net tax capacity of all classes of taxable property in the School District, as defined by Minnesota Statutes. The projected annual dollar amounts for typical property within the School District are as shown in the tables below, with the operating referendum question subject to an annual increase at the rate of inflation. The figures in the tables below are based on taxes for each respective question only and do not include taxes for other purposes, as noted in the footnotes.

Estimated Tax Impact of Potential Operating Referendum School District Question 1 * The figures in the table are based on school district taxes for the referendum levy only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the homeowner s Homestead Credit Refund ( Circuit Breaker ) program. Many owners of homestead property will qualify for a refund, based on their income and total property taxes. This will decrease the net effect of the referendum levy for many property owners. NOTE: Agricultural property will pay taxes for the proposed referendum based only on the value of the house, garage, and one acre. Seasonal recreational residential property (i.e., cabins) will pay no taxes for the proposed referendum.

Estimated Tax Impact of Potential Capital Project Levy School District Question 2 * The figures in the table are based on school district taxes for the proposed capital project levy only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the homeowner s Homestead Credit Refund ( Circuit Breaker ) program. Many owners of homestead property will qualify for a refund, based on their income and total property taxes. This will decrease the net tax increase for many property owners.

The clerk is hereby authorized and directed to cause written notice of said special election to be provided to the County Auditor and to the Commissioner of Education as soon as feasible, but no later than August 24, 2018. The notice shall specify the date of said special election and the title and the language of the ballot question to be voted on at said special election. The clerk is hereby authorized and directed to cause notice of said special election to be published two weeks prior before said special election and posted at the administrative office of the school district at least ten (10) days before said special election. The clerk is hereby authorized and directed to cause a sample ballot to be posted at the administrative offices of the school district at least four (4) days before the date of said special election and posted in each polling place on Election Day. The sample ballot shall not be printed on the same color paper as the official ballot. The clerk is hereby authorized and directed to cause a notice of the election to be mailed by first class mail to each taxpayer in the school district at least fifteen (15) but no more than thirty (30) days prior to the date of the special election. The notice shall contain the required projections and the required statement Passage of this referendum will result in an increase in your property taxes, as specified in applicable Minnesota Statute 126C.17(9)(b). The clerk is also directed to cause a copy of this notice to be submitted to the Commissioner of Education and the County Auditor at least fifteen (15) days prior to the day of the election. The clerk is authorized and directed to acquire and distribute such election materials and to take such other actions as may be necessary for the proper conduct of this special election and generally to cooperate with election authorities conducting other elections that date. The clerk is further authorized and directed to cooperate with the proper election officials to cause ballots to be prepared for use at said election in substantially the following form, with such changes in form and instructions as may be necessary to accommodate the use of an optical scan voting system and other such election requirements:

SCHOOL DISTRICT QUESTION 1 APPROVAL OF SCHOOL DISTRICT REFERENDUM REVENUE AUTHORIZATION The Board of Special School District No. 1 (Minneapolis Public Schools) has proposed to increase its general education revenue by $490.00 per pupil. The proposed referendum revenue authorization would increase each year by the rate of inflation and be applicable for seven years beginning with taxes payable in 2019, unless otherwise revoked or reduced as provided by law. YES NO Shall the increase in the revenue proposed by the board of Special School District No. 1 be approved? BY VOTING YES ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. SCHOOL DISTRICT QUESTION 2 APPROVAL OF SCHOOL DISTRICT CAPITAL PROJECT LEVY AUTHORIZATION The Board of Special School District No. 1 (Minneapolis Public Schools) has proposed a capital project levy authorization in the amount of 2.249% times the net tax capacity of the school district to provide funds for the purchase, installation, and maintenance of software applications and technology equipment, and for training and directly related personnel costs. The proposed capital project levy authorization will raise approximately $12,000,000 for taxes payable in 2019, the first year it is to be levied, and would be authorized for seven years. The estimated total cost of the projects to be funded over that time period is approximately $84,000,000. YES NO Shall the increase in the revenue proposed by the board of Special School District No. 1 be approved? BY VOTING YES ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. Signed by: Nelson Inz Board of Education Chairperson Date Kim Ellison Board of Education Clerk Date