Transcript No Slide Title
Marshall Public Schools #413 Truth in Taxation Hearing for Taxes Payable in 2014
Welcome
December 2nd, 2013 6:01 P.M.
Board Room-District Office Presented by: Bruce Lamprecht Director of Business Services
ISD 413, Marshall
Truth in Taxation Law
State law initially approved in 1998.
The 2009 legislature made several changes: Property tax hearing can now be held a regular meeting. Hearing must be at 6:00 PM or later. Levy may be adopted at the same meeting.
Requirement to publish meeting notice was deleted.
All school districts must now hold a hearing. Previously some districts were exempted from the requirement to hold a hearing.
You are here for the school district’s annual required hearing.
ISD 413, Marshall
Tax Hearing Presentation
State law requires that we present information on the current year budget and actual revenue and expenses for the prior year State law also requires that we present information on the proposed property tax levy, including: The percentage increase/decrease over the prior year Specific purposes and reasons if taxes are being increased/decreased District must also allow for public comments
Agenda for Hearing
A. Background on School Funding, Property Tax Levies, and Budgets B. Information on District Budget C. Information on the District’s Proposed Tax Levy for Taxes Payable in 2014 D. Public Comments and Questions
Public Education is Strong in Minnesota……
In Minnesota, the most commonly taken standardized college entrance exam is the ACT. Seventy-four percent of Minnesota high school graduates in 2013 took the assessment, compared with 54% nationally Minnesota’s average composite score of 22.9 was the highest in the nation of the 29 states in which more than half of the college-bound students took the test in 2013 Minnesota has led the nation in average composite ACT scores for eight consecutive years among states where more than half of high school seniors took the test. The national composite score was 20.7 Marshall’s composite score was 22.7
State of MN Constitution
“ARTICLE XIII MISCELLANEOUS SUBJECTS
Section 1. UNIFORM SYSTEM OF PUBLIC SCHOOLS. The stability of a republican form of government depending mainly upon the intelligence of the people,
it is the duty of the legislature to establish a general and uniform system of public schools.
The legislature shall make such provisions by taxation or otherwise as will secure a thorough and efficient system of public schools throughout the state.”
As a result… School District Funding is Highly Regulated by the State
State sets formulas which determine revenue; most revenue is based on specified amounts per pupil State sets tax policy for local schools State sets maximum authorized property tax levy (districts can levy less but not more than amount authorized by state, unless approved by the voters) State authorizes school board to submit referendums for operating and capital needs to voters for approval
State Funding for Schools Has Not Kept Pace with Inflation
Increases in basic general education revenue per pupil have been less than inflation There has been improvement overall this past year.
Per-pupil revenue for fiscal year 2014-15 is projected to be $332 below the 2004-05 inflation adjusted amount For Fiscal 2014 and 2015, basic per-pupil funding is projected to increase by at least 1.5% per year, while most districts’ expenses will likely increase, without budget cuts, by 2-3% annually
Trends in General Education Formula Allowance for Minnesota School Districts FY 05 – FY 15
Trends in General Education Formula Allowance for Minnesota School Districts, 2004-05 through 2014-15 Adjusted for Inflation Fiscal Year
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 **
Formula Allowance
4,601 4,783 4,974 5,074 5,124 5,124 5,124 5,174 5,224 5,302 5,382
CPI-U (2010=1.0) *
0.8847 0.9184 0.9423 0.9769 0.9908 1.0000 1.0203 1.0503 1.0676 1.0807 1.0987
Formula Allowance in 2014 $s
5,714 5,722 5,799 5,707 5,682 5,630 5,518 5,412 5,376 5,391 5,382
Change Since 2004-05
0 8 85 -8 -32 -84 -196 -302 -338 -324 -332
if Adjusted for Annual Inflation
4,601 4,776 4,901 5,081 5,153 5,201 5,306 5,462 5,553 5,620 5,714 SOURCE: Formula Allowance and CPI-U are from Minnesota Department of Education,
Referendum Cap Inflation Estimate 2012
Annual Funding Shortfall
0 -7 -73 7 29 77 182 288 329 318 332
Impact is budget cuts and operating referendums…
Even with these increases in state funding expected, 44.2%* of districts continue to face projected budget shortfalls for FY 2014 and FY 2015 and anticipate the need to do some budget cuts To meet local school budget shortfalls, voters in 300 districts, or 89.3% of all Minnesota districts, have approved an operating referendum levy The state average amount for the current year is $920 per pupil unit Of sixty-six questions proposed this year, fifty-eight passed or 88% * Survey by Minnesota Association of School Business Officials (MASBO)
ISD 413, Marshall
School District Levy
2013 Payable 2014 2014-2015 School Year Fiscal Year 2015
ISD 413, Marshall School Levy vs. Budget Cycle Unlike cities and counties, a school district does not set its budget when setting the tax levy
Property Tax Levy
Final levy set in December Property taxes levied on calendar year basis
Budget
Preliminary budget approved in June, six months later School district fiscal year is July 1 st through June 30th
ISD 413, Marshall, Minnesota
Contrast of City/Township/County Levy Cycle to School District Levy Cycle
Legislation City/Twp/County
Tax Levy Decision Collection of Levy Budget Year
School District
Tax Levy Decision Collection of Levy Budget Year J A N F E B M A R A P R M A Y
2013
J U N J U L A U G S E P O C T N O V D E C J A N F E B M A R A P R M A Y
2014
J U N J U L A U G S E P O C T N O V D E C J A N F E B M A R A P R M A Y
2015
J U N J U L A U G S E P O C T N O V D E C
Budget and Levy Adoption Calendar
Audit 2012-2013 2013/2014 Current Budget 14-15 Budget Preparation Adoption of 14-15 Budget Update Current Budget Year Final Current Budget Year Update Tax Levy Decision Collection of Levy 2014-2015 Budget Year J A N F E B M A R A P R M A Y
2013
J U N J U L A U G S E P O C T N O V D E C J A N F E B M A R A P R M A Y
2014
J U N J U L A U G S E P O C T N O V D E C J A N F E B M A R A P R M A Y
2015
J U N J U L A U G S E P O C T N O V D E C
Property Tax Share By Governmental Entity
Change in Tax Levy Does Not Determine Change in Budget
Tax levy is based on many state-determined formulas Some increases in tax levies are revenue neutral, offset by reductions in state aid Expenditure budget is limited by state-set revenue formulas, voter-approved levies, and fund balance, not just by tax levies
School District Budget
Current School and Fiscal Year 2013-2014
MARSHALL PUBLIC SCHOOLS 2013-2014 BUDGET OVERVIEW REVENUES General Fund Foodservice Transportation Community Services Capital Outlay Debt Service Total 12-13 Actual --------------- $21,188,317 $1,365,551 $1,413,297 $2,053,008 $723,775 $27,199,619 $53,943,567 13-14 Budget ---------------- $22,199,330 % Change ------------ 4.8% $1,406,675 3.0% $1,341,231 -5.1% $2,029,949 -1.1% $740,034 2.2% $3,197,267 -88.2% $30,914,486 -42.7%
General Fund Foodservice Transportation Community Services Capital Outlay Debt Service Total MARSHALL PUBLIC SCHOOLS 2013-2014 BUDGET OVERVIEW EXPENDITURES 12-13 Actual --------------- $20,993,295 13-14 Budget ---------------- $22,116,969 $1,353,286 $1,394,085 $1,346,660 $1,309,514 $2,044,952 $2,077,641 $842,447 $3,434,288 $30,014,928 % Change ------------ 5.4% 3.0% -2.8% 1.6% $896,621 6.4% $26,752,346 679.0% $54,547,176 81.7%
2013-2014 Revised Budget Analysis
REVISED PROJECTED JUNE 30TH, 2014 ENDING FUND BALANCES FUND GENERAL STARTING REVENUE EXPEND ENDING
$3,509,483 $22,199,330 $22,116,969 $3,591,844
FOODSERVICE TRANSPORTATION COMMUNITY SERVICES
$174,799 $66,637 $130,243 $1,406,675 $1,394,085 $1,341,231 $1,309,514 $2,029,949 $2,077,641 $187,389 $98,354 $82,551
CAPITAL OUTLAY DEBT REDEMPTION TOTAL
$644,496 $740,034 $896,621 $487,909 $24,182,200 $3,197,267 $26,752,346 $627,121 $28,707,858 $30,914,486 $54,547,176 $5,075,168
General Fund Expenditures June 30th, 2013
Pupil Support Services 5% Fiscal and Other Fixed Cost Programs Site, Buildings, and 1% Equipment 11% District and School Admin 4% District Support Services 4% Instructional Support Services 5% District and School Admin District Support Services Regular Instruction Vocational Instruction Exceptional Instruction Instructional Support Services Exceptional Instruction 19% 49% Site, Buildings, and Equipment Fiscal and Other Fixed Cost Programs Vocational Instruction 2%
Staff Classification
Certified
ISD #413, Marshall
Marshall Public Schools Summary of Staff Employed
2012-13 2013-14 12-13 vs 13-14 Percent Change Actual Budget
10.5
11.5
9.5% Administration Teachers Full-time Part-time Nurses
Non-Certified
162 18.02
1.35
165 20.23
1.35
1.9% 12.3% 0.0% ASG/Confidential/Others Support Staff Custodial
Total
28.5
89 20.1
329.47
27.5
82 20.1
327.68
-3.5% -7.9% 0.0% -0.5%
ISD #413 - MARSHALL GENERAL FUND EXPENDITURES JUNE 30th, 2013 Purchased Services 11% Employee Benefits 18% Supplies and Materials 3% Equipment 1% Other Expenditures/Transfers 1% Salaries and Wages 66% Salaries and Wages Employee Benefits Purchased Services Supplies and Materials Equipment Other Expenditures/Transfers
ISD #413-Marshall-General Fund Expenditures By Object Code $16 000 000 $14 000 000 $12 000 000 $10 000 000 $8 000 000 $6 000 000 $4 000 000 $2 000 000 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Salaries and Wages Employee Benefits Purchased Services Supplies and Materials Other Expenditures/Transfers Equipment
ISD 413, Marshall
ISD #413 - MARSHALL - CHANGE IN GENERAL FUND INSTRUCTION EXPENDITURES SINCE 2005
60,00% 50,00% 40,00% 30,00% 20,00% 10,00% 0,00% -10,00% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Regular & Vocational Instruction Exceptional Instruction
$12 000 000
ISD #413, Marshall
ISD #413 - MARSHALL - GENERAL FUND EXPENDITURES BY PROGRAM
$10 000 000 $8 000 000 $6 000 000 $4 000 000 $2 000 000 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
ISD #413, Marshall
ISD #413 Audit Highlights
The audit results for 2012-2013 showed an ending General Fund balance of $3,509,483 or 16.7% of expenditures The Transportation Fund showed an ending fund balance of $66,637 due to revenue coding changes The Capital Outlay Fund ended with a balance of $644,496 exceeding the established goal of $400,000 by a goodly amount The Foodservice Fund ended with a slightly less ending fund balance than projected The Debt Service Fund balance is quite significant because of the bond refunding that took place
2013-2014 DISTRICT #413 EXPENDITURE BUDGET
CAPITAL OUTLAY 3% DEBT REDEMPTION 10% COMMUNITY SERVICES 7% TRANSPORTATION 4% FOODSERVICE 4% GENERAL 72%
ISD #413, Marshall
The Revised General Fund Budget for 2013 2014 shows a $114,478 out the fund balance.
excess in revenues over expenditures. This includes a transfer of $31,717 from the Transportation Fund to zero This translates into a $3,594,844 ending fund balance or a 16.25 fund balance percent with a stated, approved goal of 8.0% (fund balance/expenditures) being the bare minimum.
How Much Revenue is State Aid vs. Local Sources?
General Fund Revenues By Source
General Fund Revenue Sources by Percent
ISD 413, Marshall
General Fund Changes in Basic Per Pupil Allowance
1997-98 1998-99 1999-00 2000-01 2001-02 2002-03* 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Total Change Per Pupil
$3,581 $3,530 $3,740 $3,964 $4,068 $4,601 $4,601 $4,601 $4,783 $4,974 $5,074 $5,124 $5,124 $5,124 $5,174 $5,224 $5,302
$1,721
2.17% -1.42% 5.95% 5.99% 2.62% 13.10% 0.00% 0.00% 3.96% 3.99% 2.01% 0.99% 0.00% 0.00% 0.98% 0.97% 1.49%
48.06%
Revenue-Adjusted For Inflation
ISD #413 - MARSHALL FUND BALANCE/CASH BALANCE ANALYSIS GENERAL FUND
$4 000 000 $3 000 000 $2 000 000 $1 000 000 $0 ($1 000 000) ($2 000 000) ($3 000 000) ($4 000 000) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 FUND BALANCE-ENDING ADJUSTED CASH BALANCES
Proposed 2014 Property Tax Levy
Determination of levy Comparison 2013 to 2014 levies Specific reasons for changes in tax levy Impact on taxpayers
ISD 413, Marshall
Authority for School Levies
A School District Tax Levy must be either: Set by State Formula or Voter Approved
Property Tax Background
Every owner of taxable property pays property taxes for the various ‘taxing jurisdictions’ (county, city or township, school district, special districts) in which the property is located Each taxing jurisdiction sets its own tax levy, often based on limits in state law County sends out bills, collects taxes from property owners, and distributes funds back to other taxing jurisdictions
School District Property Taxes
Each school district may levy taxes in up to 30 different categories ‘Levy Limits’ (maximum levy amounts) for each category are set either by: State law, or Voter approval Minnesota Department of Education (MDE) calculates detailed levy limits for each district
Property Tax Background
School District Property Taxes
Key steps in the process are summarized on the next slide Any of these steps may affect the taxes on a parcel of property, but the district has control over only 1 of the 7 steps
Legislative Changes Do Affect Tax Levy
The 2013 Legislature approved significant changes in school funding formulas which will affect tax levies payable in 2014 State aid for operating referendums was increased, resulting in reductions in tax levy for most districts State allowed some districts to add new board-authorized referendum revenue and location equity revenue, which will increase tax levies for some districts State aid for operating capital revenue was also increased, resulting in reductions in tax levy State added a new “Student Achievement Levy” which will fund some of the basic general education revenue for all districts
The Homestead Credit Shift
The 2011 legislature repealed the Homestead Market Value Credit In its place, the Legislature implemented a Homestead Market Value Exclusion
Property Tax History-$150K Parcel
Payable Year Primary School Year Parcel's Market Value District Total Levy Rate Against RMV Rate Against NTC Property Taxes by Year and Property Type Residential Homestead Commercial Industrial Agricultural Land & Bldg 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2014 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Excluding Addition Including Addition 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 5,249,302 1,780,059 1,685,744 3,568,331 3,556,922 4,253,869 4,442,638 5,427,676 5,560,578 5,489,763 5,714,438 5,880,186 6,181,077 5,599,469 5,599,469 0.001141
0.000057
0.000064
0.000537
0.000566
0.000657
0.000652
0.001596
0.001594
0.001610
0.001662
0.001641
0.001665
0.001419
0.001419
0.657324
0.233595
0.209072
0.374747
0.340827
0.369130
0.345149
0.344482
0.327338
0.289605
0.308009
0.300163
0.296456
0.274163
0.274163
$1,157 $359 $323 $643 $596 $652 $616 $756 $730 $676 $711 $696 $694 $624 $624 $1,650 $534 $480 $924 $852 $929 $874 $1,015 $976 $893 $942 $922 $917 $830 $830 $270 $239 $254 $248 $245 $542 $193 $172 $309 $281 $305 $285 $284 $226 $226
Changing School District Property Taxes
The Graph presents the changing School District Property taxes in MARSHALL from 2001-2014 with simulation for 2014 taxes.
1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Pay 01 Pay 02 Pay 03 Pay 04 Pay 05 Pay 06 Pay 07 Pay 08 Pay 09 Pay 10 Pay 11 Pay 12 Pay 13 Pay 14
Homestead Commercial Farm
Comparable Levies On Residential Homesteads
Pay 2014
DOES NOT INCLUDE
any additional levies from elections held in 2013.
Instructions Comment You may change the District #s below to see estimated taxes in other districts.
413 MARSHALL 347 WILLMAR 518 WORTHINGTON 423 HUTCHINSON
1 Pay 2001 (FY 2002) 2 Pay 2002 (FY 2003) 3 Pay 2003 (FY 2004) 4 Pay 2004 (FY 2005) 5 Pay 2005 (FY 2006) 6 Pay 2006 (FY 2007) 7 Pay 2007 (FY 2008) 8 Pay 2008 (FY 2009) 9 Pay 2009 (FY 2010) 10 Pay 2010 (FY 2011) 11 Pay 2011 (FY 2012) 12 Pay 2012 (FY 2013) 13 Pay 2013 (FY 2014) 14 Pay 2014 (FY 2015)
Market Value 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 150,000 1,157 359 323 643 596 652 616 756 730 676 711 696 694 624 1,162 661 638 557 509 548 536 493 561 557 582 599 562 417 1,038 444 626 597 563 544 831 775 718 781 711 750 738 655 1,218 461 435 682 530 508 515 499 503 501 572 558 568 333
Changing Property Taxes On A $150K Residential Homestead
SCHOOL DISTRICT FUNDS
2. 3. The school district has three revenue and expenditure funds that receive local tax levies to help support the various programs included in the funds. 1.
GENERAL FUND LEVY
a. The lease levy to pay the rent for MECLA is included here. b. c. d. e. The local operating referendum is also part of this fund. Equity and Transition levy are two more components of the total. Lost Interest, Safe Schools, Unemployment and Career & Technical levy make up part of this. Provides funding for facilities maintenance and instructional equipment. f. Provides funds for Health and Safety code compliance, asbestos removal, underground storage tank replacement, and safety requirements g. Integration revenue and QComp levy are also part of this fund levy amount.
COMMUNITY SERVICE FUND LEVY
a. b. Based on the adult population in the District. Early Childhood levy is based on the number of children under 5 years of age.
DEBT SERVICE FUND LEVY
a. b. Based on annual debt retirement schedules. Annual levy is what is needed to pay off bonds. OPEB (Implicit Rate Subsidy) funding is included in this category.
ISD 413, Marshall
How are the Proposed 2013 School Taxes Spent?
How are the Proposed 2014 School Taxes Spent?
General Fund Amount
Provides funding for the district instructional programs, alternative compensation, integration program, also part of the costs for the maintenance of technology infrastructure and for the purchase of instructional equipment , building maintenance and Health and Safety $2.691,877.44
Community Education Fund
Levy for Community Education Programs such as ECFE
Total Levy
$187,117.65
Debt Service (Including OPEB)
Levy for repayment of principal and interest on district debt $2,720,474.09
$5,599,469.18
Pay 2013/Pay 2014 Levy Comparison
Fund 12 Pay 13 13 Pay 14
General Community Service General Debt Service OPEB Debt Service Total 2,833,931.25 2,691,877.44
184,213.55
187,117.65
3,029,555.32 2,590,059.97
133,376.87
130,414.12
6,181,076.99 5,599,469.18
Increase or Decrease
-142,053.81
2,904.10
-439,495.35
-2,962.75
-581,607.81
% Change
-5.01% 1.58% -14.51% -2.22% -9.41%
ISD 413, Marshall
Basic general education aid and levy formula
(1) NTC (2) Sales Ratio (3) ANTC 2012 2012 2012 (4) Standard Levy Limit (5) Gen Education Basic Levy Limit FY 2015 2013 APU-Estimate Formula Allowance (6) Basic General Education Revenue (8) General Education Aid Percentage 2014-2015 Pay 2014 (7) Basic General Education Aid Revenue FY 2015 FY 2015 15,402,826 98.6% 15,626,910 0.0% 0.00 2486.00
5,806.00
14,433,716.00
14,433,716.00
100.0%
ISD 413, Marshall
District #413 Proposed Property Tax Stmt. for 2014 Actual 2013 Property Tax Proposed 2014 Property Tax
Voter Approved Levies Other Local Levies School District Total $4,403,872.16
$1,777,204.83
$6,181,076.99
$3,287,674.87
$2,311,794.31
$5,599,469.18
ISD 413, Marshall
The School District Levy is decreasing by: $581,607.81
or
9.41%
Tax Levy History
1999 Pay 2000 2000 Pay 2001 2001 Pay 2002 2002 Pay 2003 2003 Pay 2004 2004 Pay 2005 2005 Pay 2006 2006 Pay 2007 2007 Pay 2008 2008 Pay 2009 2009 Pay 2010 2010 Pay 2011 2011 Pay 2012 2012 Pay 2013 2013 Pay 2014 $5,149,862.38 2.60% Decrease $5,063,847.46 1.67% Decrease $1,780,058.97 64.58% Decrease $1,685,744.13 5.30% Decrease $3,568,330.76 111.68% Increase $3,556,922.39 0.32% Decrease $4,253,869.00 19.59% Increase $4,442,638.19 4.44% Increase $5,427,675.70 22.17% Increase $5,560,578.16 2.40% Increase $5,489,763.14 1.27% Decrease $5,714,432.29 4.09% Increase $5,880,186.24 2.90% Increase $6,181,076.99 5.12% Increase $5,599,469.18 9.41% Decrease
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4.
5.
6.
ISD 413, Marshall
What are the main variables that cause property tax increases and decreases?
Changes in value of the individual property Changes in class rates/history Market Value Homestead Exclusion Voter Approved Referendums Ongoing Legislative Action Changes in the total value of all property in the district
ISD 413, Marshall
Changes in Market Value
The market values are final and are not a subject for the upcoming budget hearings. They were discussed at the local board of review and county board of equalization hearings held earlier this year. The final taxable market values may reflect a reduction under the limited value law. If this property is a qualifying homestead, the final taxable market values may exclude improvements which you made to this property.
Net Tax Capacity Property Comparison
Description Residential Homestead Commercial Industrial
Property Value Tax Rate Pay 2014 Net Tax Capacity Amount $200,000 1.00 % $2,000.00
$200,000 2.00% $4,000.00
Agricultural Homestead (Land & Buildings)
$200,000 .50% $1,000.00
State Property Tax Refunds
State of Minnesota has two tax refund programs and one tax deferral program available for owners of homestead property These programs may reduce the net tax burden for local taxpayers, but only if you take time to complete and send in the forms For help with the forms and instructions: Consult your tax professional, or Visit the Department of Revenue web site at www.taxes.state.mn.us
State Property Tax Refunds
Minnesota Property Tax Refund (aka “Circuit Breaker” Refund)
Has existed since the 1970’s Available to all owners of homestead property Annual income must be approx. $105,500 or less (income limit is higher if you have dependents) Refund is a sliding scale, based on total property taxes and income Maximum refund is $2,580 Especially helpful to those with lower incomes Fill out state tax form M-1PR
State Property Tax Refunds
Special Property Tax Refund
Available for all homestead properties with a gross tax increase of at least 12% and $100 over the prior year Refund is 60% of the amount by which the tax increase exceeds the greater of 12% or $100, up to a maximum of $1,000 No income limits Fill out state tax form M-1PR Minnesota Department of Revenue (651) 296-3781
Senior Citizen Property Tax Deferral
Allows people 65 years of age or older with a household income of $60,000 or less to defer a portion of the property taxes on their home Taxes paid in any year limited to 3% of household income for year before entering deferral program; this amount does not change in future years Additional taxes are deferred, but not forgiven State charges interest up to 5% per year on deferred taxes and attaches a lien to the property The deferred property taxes plus accrued interest must be paid when the home is sold or the homeowner(s) dies
ISD 413, Marshall
Whereas
, Pursuant to Minnesota Statutes the School Board of Independent School District No. 413, Marshall, Minnesota, is authorized to make the following proposed tax levies for general purposes: General Fund Community Service Debt Service
Total Proposed School Tax Levy
$2,691,877.44
$187,117.65
$2,720,474.09
$5,599,469.18
Now Therefore
, Be it resolved by the School Board of Independent School District No. 413, Marshall, Minnesota, that the amount to be levied in 2013 to be collected in 2014 is set at $5,599,469.18. The clerk of the Marshall School Board is authorized to certify the proposed levy to the County Auditor of Lyon County, Minnesota.
Next Steps
Tonight-Board will accept public comments and questions on proposed levy December 16th-Board will conduct subsequent hearing (if necessary) and certify the 2014 property tax levy
ISD 413, Marshall