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Building bond causes school levy to jump 93.29% for 2016

The Glencoe-Silver Lake School District’s Truth in Taxation hearing was held Monday night at 6 p.m.
Business Manager Michelle Sander presented the proposed levy that will be payable in 2016. The total proposed is $3.76 million. This is a 93.29 percent increase from last year’s levy due to the new building project.
Sander provided a background of school funding, tax levies and budgets and information on the proposed payable 2016 levy and district budget.
Though the final tax levy is passed in December for the district, the final budget will not be approved until June of 2016.
The levy process for schools involves many different players, so the school board doesn’t always have a lot of say, Sander explained.
The process begins with the county assessor who determines property values. Then the Legislature sets formulas for tax capacity that are then used by the county auditor to calculate the tax capacity for each parcel of property and the total capacity for the district.
The Legislature then sets the formula to determine levy limits which the Minnesota Department of education uses to calculate the levy limit for the district.
Then the school board comes into play by adopting the proposed levy. The final piece is the county auditor, who determines the tax rate needed for the levy amount.
The levy certification is made up of two parts: voter-approved levies and other local levy. The voter-approved levy is where the school district has seen the big increase because it includes the debt service levy for the new building project.
The other local levy category is determined by property valuations and the total number of resident students which includes students who live in the district no matter where they go to school.

For more, see the Dec. 16 print edition of The Chronicle.