6.3. HANDOUTS 10-15-2012 - Laserfiche WebLink

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ELK RIVER AREA SCHOOL DISTRICT ONE MISSION. OUR FUTURE. 2012 LEVY FACT SHEET MAKE INFORMED QUESTION 1 DECISIONS °This is a renewal of taxes approved by voters in 2003. , Because Question 1 extends an expiring levy at the same NOVEMBER6 dollar amount, it is not expected to cause any significant changes in property taxes. Our mission calls for all learners to be educated, empowered and inspired;we as a greater community are With voter approval,the$386 per student($5.75 million) committed to shape every learner's future.Consistent with will r our mission and Strategic Plan, the ISD 728 School Boc d -xisting curriculum and programs,services,class_ placed two questions on the November 6, 2012 ballot.To sizes and staffing. make informed decisions, please use this fact sheet and our web site as references for levy information. increasing state assessment mandates. _ The School Board's first ballot continued student achievement gains on the - ''' >, ..ls assessments. question asks voters to renew an Our mission is to expiring levy.This levy is in the o Retairfve percent of the district's current operating budget. amount of$386 per student,or edUCde/ a total of$5.75 million. Because n S p•re The board of Independent School District No. 728 Question 1 extends an expiring levy (Elk River Area Public Schools) has proposed to renew the$386 at the same dollar amount, it is not empower per pupil portion of the school district's existing referendum expected to cause any significant revenue authorization, which is scheduled to expire after changes in property taxes. taxes payable in 2013. The proposed referendum revenue'.. The School Board's second ballot question asks voters to authorization would be applicable for ten years, beginning°with taxes payable in 2014, unless otherwise revoked or reduced as approve a new 10-year levy.This levy is in the amount of provided bylaw. $400 per student, or a total of$6 million. Passage of this levy will result in new taxes. For Question 2 to be enacted, QUESTION 2 Question 1 must also be approved by voters. This request of voters is for a new 10-year levy that will result in Even with passage of both questions, ISD 728 will still need new taxes. to address a projected$2 million deficit. If the first question passes and the second does not (the second cannot pass Question 1 must be approved by voters for Question 2 to be on its own), the deficit climbs to$5 million. If both questions enacted. are not passed, our district will reduce the operating budget by a total of$12 million. With voter approval,the district will provide: """»- ree:'-:='jay, -very-bayTan•ergarten ' ogram ($2.2 million) Impact of a "NO" vote on Question 1 » Technology .t directly impacts the classroom ($400,000) The Gap Widens » Curriculu at djr-, •• s the classroom ($400,000) $128 $126 . _._ » On-going operating expense,, , million) $124 __-. itures ^ -- $122 " Without he The board of Independent School District No. 728 $120 f operating t (Elk River Area Schools) has proposed to increase its general $118 reductionsa education revenue by an additional$400 per pupil. The the gap widen and addition.�� c $1,5 proposed new referendum revenue authorization would be $114 --- requiredannua applicable for ten years, beginning with taxes payable in 2013, m Projected Revenues -- --- y o $112 — unless otherwise revoked or reduced as provided by law. $110 _---_----- __- .z: _ a .. :.._,___ r,.,,.-, ._.,-. .„,„ .°..�.� _�-_ .; www.elkriver.k12.mn.us/2012Ievy 2011.2012 2012.2013 2013-2014 2014.2015 2015.2018 Projected Revenues&Expenditures do not include capital&health&safety