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Tea Area SD 41‑5 report: owner-occupied levies continue to fall; bond redemption levy drops 24¢

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Summary

Board reviewed the annual levy trend report showing declines in owner-occupied property levies, including a 24¢ drop in the bond redemption levy from last year, and discussed how state-level proposals could change future funding.

The Tea Area School District 41‑5 board reviewed its annual levy trend report, which shows continued declines in owner-occupied property levies and a 24¢ decrease in the bond redemption levy from last year.

The report, presented by the district business manager, said the bond redemption levy fell from $2.66 last year to $2.42 this year. The capital outlay levy decreased from $2.52 to $2.49, the general fund owner-occupied levy dropped from $1.19.07 to $1.12.05, and the special education…

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