Loading...
HomeMy WebLinkAboutItem 07Memorandum To: Mayor and City Council From: Steve Mielke, City Administrator Dennis Feller, Finance Director Date: August 28, 2013 Subject: School District Tax Levies City of Lakeville The City Council, at its August 28 work session, requested information on the school districts proposed 2014 tax levies. It is our understanding, based on discussions with District Business Managers that the Districts have not received the final state aid allocations or levy limits from the Minnesota Department of Revenue (and Education) and therefore are unable to provide 2014 tax levy information at this time. ISD 194 and 196 do have proposed levy referendums this fall. Referendum information from the respective websites is attached. ISD 192 has not indicated whether or not they will seek a referendum. 7 LEVY2O13 Our Schools Our Community Our Future Our Schools; Our Community; Our Future The Lakeville Area Public Schools Board of Education approved a resolution on July 9, 2013 to hold a special school district levy election on Tuesday, November 5, 2013. There will be one question on the ballot that will request approval of a revenue increase of $540 per pupil unit. If successful, this levy will provide $5.6 million per year for ten years. Attend a Levy Information Session on one of the following dates: September 12, 2013 . 7:OOpm September 26, 2013. 10:OOam October 23, 2013 . 7:OOpm Location: Crystal Lake Education Center 16250 Ipava Avenue, Lakeville Prepared and paid for by Independent School District 194 (Lakeville Area Public Schools), 8670 210th Street West, Lakeville, MN 55044. This publication is not circulated on behalf of any candidate or ballot question. November 5 2013 The funding will be used by the district to stabilize the budget, maintain current programming, reduce class size, and begin to integrate science, technology, engineering and math concepts at the elementary and middle school levels. The net tax impact to an average $230,000 home is approximately $167 per year or $14 per month. For more information: Call the Levy Information Line at 952 - 232 -2027. This is a voicemail line. Please leave a message and you will receive a call back. Check the district website at www.isd194.k12.mn.us Like the district Facebook page at www.facebook.com/isd194 Follow us on Twitter at https : / /twitter.com /LakevilleAreaPS Lakeville School District No. 194 Calculation of Estimated Referendum Authority for 2014 -15 Estimated Revenue Under Prior Law 1. Voter - Approved Referendum Allowance (uncapped) 2. Res. Marginal Cost Pupil Units 3. Initial Referendum Revenue ( #1 x #2) 4. Est. Alternative Attendance Adjustment 5. Total Uncapped Revenue ( #3 + #4) 6. Est. Capped Referendum Allowance 7. Total Capped Referendum Revenue (#6 x #2) 8. Total Capped Revenue (#4 + #7) Conversion of Revenue Under New Law 9. Adjusted Pupil Units 10. Initial Referendum Allowance ( #5 / #9) 11. Location Equity Revenue Allowance 12. Revised Referendum Allowance ( #10 - #11) 13. Standard Cap on Referendum Authority 14. Alternate Cap on Referendum Authority 15. District Cap on Ref. Authority (greater of #13 or #14) 16. Capped Referendum Allowance (lesser of #12 or #15) 17. Total Capped Referendum Revenue ( #9 x #16) 18. Total Refer. + Location Equity Rev. ( #9 x ( #11 + #16)) 19. Change in Revenue with No 2013 Election ( #18 - #8) Additional Revenue Available With 2013 Election 20. Additional Available Ref. Allowance ( #15 - #16) 21. Additional Available Revenue ( #9 x #20) 880.08 12,553.90 11, 048,436 (17,774) 11, 030, 662 880.08 11,048,436 11,030,662 11,530.00 956.69 424.00 532.69 1,845.00 956.69 1,845.00 532.69 6,141, 942 11,030,662 1,312.31 15,130, 908 EHLERS G LEADERS IN PUBLIC FINANCE July 24, 2013 Year Taxes are Payable Fiscal Year 2013 2013 -14 2014 2014 -15 Payable 2013 Levy Existing Authority Proposed Authority Total 1. Est. Adjusted Pupil Units (APU) (RMCPU for FY 14) * 12,759.58 11,530.00 2. Est. Resident Pupil Units (RPU) 11,756.81 3. Est. Net Gain (Loss) in Pupil Units - Alt. Att. (FY 14 only) - 298.74 4. Net Referendum Authority per APU (RMCPU for FY 14) 866.45 532.69 540.00 1,072.69 5. Initial Referendum Revenue ( #1 x #4) $11,055,538 $6,141,916 $6,226,200 $12,368,116 6. Referendum Market Value (RMV) 5,585,130,559 5,306,028,165 7. RMV per Resident Pupil Units (#6 / #2) 437,721 451 315 FIRST TIER OF REVENUE (FY 15 -) 8. Revenue per Pupil Unit (lesser of #4 or $300) 300.00 0.00 300.00 9. Revenue ( #1 x #8) 3,459,000 0 3,459,000 10. State Equalizing Factor 880 000 11. Levy Portion of Revenue (lesser of 100% or #7 / #10) 51.29% 12. Aid Portion of Revenue (100% - #11) 48.71 % 13. First Tier Aid ( #9 x #12) 1,685,023 0 1,685,023 SECOND TIER OF REVENUE (First tier for FY 14) 14. Revenue per Pupil Unit (lesser of $460 or #4 - #8) 700.00 232.69 227.31 460.00 15. Revenue ( #1 x #14) 8,931,706 2,682,916 2,620,884 5,303,800 16. State Equalizing Factor 476,000 510 000 17. Levy Portion of Revenue (lesser of 100% or #7 / #16) 91.96% 88.49% 18. Aid Portion of Revenue (100% - #17) 8.04% 11.51% 19. Second Tier Aid ( #15 x #18) 718,279 308,717 301,579 610,296 THIRD TIER OF REVENUE (Second tier for FY 14) 20. Revenue per PU ((lesser of (25% of Basic Allow) or #4) - #8 - #14) 166.45 0.00 312.69 312.69 21. Revenue ( #1 x #20) 2,123,832 0 3,605,316 3,605,316 22. State Equalizing Factor 270,000 290 000 23. Levy Portion of Revenue (lesser of 100% or #7 / #22) 100.00% 100.00% 24. Aid Portion of Revenue (100% - #23) 0.00% 0.00% 25. Third Tier Aid ( #21 x #24) 0 0 0 0 TOTALS 26. Initial Referendum Aid ( #13 + #19 + #25) 718,279 1,993,740 301,579 2,295,319 27. Tax Base Replacement Aid 98,430 98,430 0 98,430 28. FY 2015 Old Law Referendum Aid - Location Equity Aid 0 404,440 404,440 29. Net Referendum Aid (greater of 0 or ( #26 - #27) or #28) 619,849 1,895,309 301,579 2,196,889 30. Certified Referendum Levy (#5 - #27 - #29) 10,337,259 4,148,176 5,924,621 10,072,797 31. Fiscal Disparities Distribution Amount 1,106,746 1,106,746 0 1,106,746 32. Net Levy ( #30 - #31) "' 9,230,513 3,041,430 5,924,621 8,966,051 33. Taxable Referendum Market Value + 5,306,028,165 5,465,209,010 Est. Percentage change in value - 5.00% 3.00% 34. Tax Rate for referendum ( #33/#32) 0.17396% 0.05565% 0.10841% 0.16406% 35. Aid Adjustment for Open Enrollment ( #3 x ( #29/ #1)) FY 14 Only (14,513) 0 0 0 36. Total Referendum Aid ( #27 + #29 + #35) 703,766 1,993,740 301,579 2,295,319 37. Total Referendum Levy ( #32) 10,337,259 4,148,176 5,924,621 10,072,797 38. Total Referendum Revenue ( #36 + #37) 11,041,025 6,141,916 6,226,200 12,368,116 ESTIMATED EQUITY REVENUE 39. Est. Equity Aid 111,018 195,427 (62,207) 133,220 40. Est. Equity Levy 1,269,475 1,502,942 (478,406) 1,024,536 41. Est. Equity Revenue 1,380,493 1,698,369 (540,613) 1,157,756 42. Tax Rate for Equity Revenue (#40 / #33) 0.02393% 0.02750% - 0.00875% 0.01875% ESTIMATED LOCATION EQUITY REVENUE 43. Est. Location Equity Aid 0 562,534 0 562,534 44. Est. Location Equity Levy 0 4,326,186 0 4,326,186 45. Est. Location Equity Revenue 0 4,888,720 0 4,888,720 46. Tax Rate for Location Equity Revenue (#44 / #33) 0.00000% 0.07916% 0.00000% 0.07916% ESTIMATED TOTAL REVENUE (Referendum + Equity + Location Equity) 47. State Aid ( #36 + #39 + #43) 814,784 2,751,701 239,372 2,991,073 48. Tax Levies ( #37 + #40 + #44) 11,606,734 9,977,304 5,446,215 15,423,519 49. Total Revenue ( #38 + #41 + #45) 12,421,518 12,729,005 5,685,587 18,414,592 50. Combined Tax Rate ( #34 + #42 + #46) 0.19789% 0.16231% 0.09966% 0.26197% Lakeville School District No. 194 Estimated Referendum Revenue and Tax Rates Proposed New Referendum Levy for 2014 -15 (Including Equity and Location Equity Revenue) Pupils units for 2013 -14 are estimated pupil units used to compute payable 2013 taxes. Pupil units for 2014 -15 are the most recent pupil unit estimates. Fiscal disparities distribution amounts for taxes payable in 2014 are estimated to be the same as for taxes payable in 2012. Levy amounts shown above include the "initial levy limitation" only, and do not include adjustments for prior years' levies. For all referendum authority, calculations are based on the total RMV of the district, excluding JOBZ property. EHLERS 0 LEADERS IN PUBLIC FINANCE New Referendum Revenue $540.00 Per Pupil Unit July 24, 2013 OpRefer 13c Type of Property Estimated Market Value Estimated Taxes for Referendum Only* $100,000 $108 125,000 136 150,000 163 175,000 190 200,000 217 Residential 230,000 249 Homesteads, 250,000 271 Apartments, and Commercial- 300,000 350,000 325 379 Industrial Property 400,000 434 450,000 488 500,000 542 600,000 650 800,000 867 1,000,000 1,084 2,000,000 2,168 Lakeville School District No. 194 Analysis of Tax Impact for Potential Referendum Levy July 24, 2013 New Referendum Revenue $540.00 Per Pupil Unit Est. Market Value Rates, Taxes Payable in 2014 (for Referendum Only) Taxes for Proposed Levy 0.10841% * 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 state Property Tax 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. EHLERS 0 LEADERS IN PUBLIC FINANCE OpRefer 13c Estimated Type of Property Market Value 2013 to 2014 Est. Taxes Pay - able in 2014* $100,000 -$36 $108 $72 125,000 -44 136 92 150,000 -53 163 110 175,000 -62 190 128 Residential 200,000 -71 217 146 Homesteads, 230,000 -82 249 167 Apartments, 250,000 -89 271 182 and Commercial- 300,000 -107 325 218 Industrial Property 350,000 -125 379 254 400,000 -142 434 292 450,000 -160 488 328 500,000 -178 542 364 600,000 -213 650 437 800,000 -285 867 582 1,000,000 -356 1,084 728 2,000,000 -712 2,168 1,456 Lakeville School District No. 194 Analysis of Tax Impact for Referendum Levy July 24, 2013 * The figures in this column are based on school district taxes for the proposed increase in referendum revenue only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the state Property Tax 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. ** The figures in this column show the estimated decrease in taxes from 2013 to 2014 (for the combination of referendum levy, equity levy,and location equity levy), if the district did not hold a referendum electionin 2013. The tax decrease is primarily a result of changes made by the 2013 Legislature. 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. EHLERS 0 LEADERS IN PUBLIC FINANCE OpRefer 13c Est. Decrease in Taxes Proposed Increase Additional Revenue /Pupil Unit for Existing $540.00 Estimated Est. Increase in Referendum Revenue Referendum ** $6,226,200 Net Change Est. Market Value Tax Rate - 0.03558% 0.10841% in Taxes Lakeville School District No. 194 Analysis of Tax Impact for Referendum Levy July 24, 2013 * The figures in this column are based on school district taxes for the proposed increase in referendum revenue only, and do not include tax levies for other purposes. Tax increases shown above are gross increases, not including the impact of the state Property Tax 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. ** The figures in this column show the estimated decrease in taxes from 2013 to 2014 (for the combination of referendum levy, equity levy,and location equity levy), if the district did not hold a referendum electionin 2013. The tax decrease is primarily a result of changes made by the 2013 Legislature. 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. EHLERS 0 LEADERS IN PUBLIC FINANCE OpRefer 13c Our Children. Our Future. Our Choice. Why a Levy Vote State funding increases for education have been less than inflation for 10 years, averaging 1.5% per year. District 196 has made $34 million in budget adjustments in the last four years, including cutting nearly 200 jobs. Despite budget cuts and two years of salary freezes, the district faces a projected $30 million budget shortfall the next two years. $4 million in budget adjustments and efficiencies were already identified and will be made for 2014 -15. 2000 1500 1000 500 INDEPENDENT SCHOOL DISTRICT 196 • Rosemount -Apple Valley -Eagan Public Schools Operating Levy Authority for 2013 -14: South Suburban Conference Districts LEVY VOTE November 5, 2013 One Ballot Question Request to revoke the existing levy and replace it with a new 10 -year levy for $375 more per pupil. This would provide the district an additional $10 million per year, which equates to 3% of the district's total annual operating budget. What It Would Cost The net tax impact of revoking the existing levy and replacing it with the new levy would be approximately $15 per month to the owner of the average -value home in the district which is $225,000. If Approved • Avoid cuts of $6 million in 2014 -15 and lessen the impact of a projected $20 million shortfall in 2015 -16. • Maintain the district's "Triple A" philosophy of academics, the arts and athletics, and continue to offer quality programs in early childhood learning, STEM and college- credit opportunities. If Not Approved $6 million in budget cuts for 2014 -15, including: • Class size increases at all grades; • Cuts to curricular and cocurricular programs, including gifted /talented; • Increased participation fees, and • Elimination of 5th grade band, 9th grade B -team sports and the Developmental Psychology program at the high schools. Initiate a process to identify a projected $20 million in additional cuts for 2015 -16. For context, $20 million would be the equivalent of approximately 300 teaching positions. For more information, go to: www.District196.org/Levy2013 Prepared and paid for by Independent School District 196 (Rosemount -Apple Valley -Eagan Public Schools), 3455 153rd St. W., Rosemount, MN 55068. This publication is not circulated on behalf of any candidate or ballot question. INDEPENDENT SCHOOL DISTRICT 196 • Rosemount -Apple Valley -Eagan Public Schools Our Children. Our Future. Our Choice. A District of Choice District 196 is the fourth largest in the state, serving 150,000 residents and 27,000 students. 40% of households have school -aged children, 23% of students live in poverty and 28% are students of color. The district has an annual operating budget of $300 million and is regularly recognized for excellence in financial reporting. District 196 has highly regarded curricular and cocurricular programs in academics, the arts and athletics that are state and nationally recognized. 87% of school -aged children who live in District 196 attend District 196 schools. This capture rate of nearly 9 of 10 students is one of the highest in the state, according to a former state demographer. District 196 remains a district of choice among families moving into the area, according to local Realtors and property listings that highlight "District 196 schools." LEVY VOTE November 5, 2013 Resident Survey Decision Resources, Inc. conducted a telephone survey of 400 randomly selected District 196 residents in July and found that: • 91 % rated the quality of education in District 196 as excellent or good; • 88% agree that District 196 provides good value for the public's investment in schools; • 87% rated the performance of teachers as excellent or good, which the pollster reported as being among the highest ratings in the Midwest; • 83% believe the district does a good job preparing students to be college - and career -ready upon graduation, and • 79% believe the district is held accountable for the quality of education provided. For more information, go to: www.District196.org/Levy2013 Prepared and paid for by Independent School District 196 (Rosemount -Apple Valley -Eagan Public Schools), 3455 153rd St. W., Rosemount, MN 55068. This publication is not circulated on behalf of any candidate or ballot question. Welcome to Independent School District 196 Rosemount -Apple Valley -Eagan Public Schools INDEPENDENT SCHOOL DISTRICT I Home l About District 196 "Educating our students to reach their full potential" I News & Happenings1 I Schools I I Student Services I I Parent Resources I I Community Education I Contact Us Search 77 our site School Board Home Board Members Responsibilities of Board members and public participation Strategic Plan and Goals Agendas, Minutes and Meeting Webstreams District Policies, Regulations and Procedures Elections, Referendums and Levies Tax Impact Table Net Tax Impact of Proposed Levy Question Annual Annual Taxable Market Taxes Taxes Value Revoked Proposed Levy Levy $ 100,000 ($78) $ 160 $82 $150,000 ($118) $240 $122 S175,000 ($137) $280 $143 $200,000 ($157) $320 $163 $300,000 ($235) $479 $244 $400,000 ($313) $639 $326 $500,000 ($392) $799 $407 *Average -value home in District 196 in 201 3 Net Change in Annual Taxes $184 $225,000* ($176) 5360 (approx. Si 5 /month) $250,000 (5196) $400 $204 Page 1 of 2 Enrolling Your Child, Employment Maps and Directories To calculate the net tax impact for your specific property value, you can use the Tax Impact Calculator. http: / /www.district 1 96.org/ district /schoolboard/ Elections /20131105 /TaxlmpactTable.cfm 9/3/2013