December 13, 2010 Independent School District 196 Rosemount-Apple Valley-Eagan Public Schools Educating our students to reach their full potential
Agenda Levy certification process Basic school funding 2010 (Payable 2011) Levy Analysis
Levy Certification Process Started in July/August – submission of data to Minnesota Dept. of Education September – School Board set levy limit November – County sent out proposed tax statements December – Final levy certification by School Board
How Schools Are Funded State determines funding formula
Basic Funding Formula History 02-03$4,601 03-04$4,601 04-05$4,601 05-06$4,783 06-07$4,974 07-08$5,074 08-09$5,124 09-10$5,124 10-11$5,124 11-12$5,124
How Schools Are Funded State determines funding formula Majority of revenue is determined by the number of students served in the district
October 1 Total Enrollments 2010 Actual, Projected
How Schools Are Funded State determines funding formula Majority of revenue is determined by the number of students served in the district Revenue = Formula x Pupils served Under current law formulated revenues are primarily paid by state aid
Source of Revenues – All Funds
How Are Local School Taxes Determined? Voter determined Bond votes Operating levy votes School Board decisions Authority is limited through legislation Special levy authority…Safe Schools Levy, Alternative Facilities Levy, Health and Safety Levy, etc.
How Will This Impact Taxes In The District 196 Community?
Questions?