Linn‑Mar outlines 10‑year capital plan; board approves Excelsior roof contract

The Linn‑Mar Community School District finance and audit committee presented a draft 10‑year capital plan that models potential revenues and expenses for the district’s three voter-approved capital funding sources: SAVE (Secure an Advanced Vision for Education sales tax), PPEL (Physical Plant and Equipment Levy) and PERL (Public Education and Recreation Levy). John Galbreath, chief financial officer, said the documents are a conservative starting point that assume modest growth in sales tax receipts and property valuations and will be updated annually.

Key assumptions and highlights included conservative annual sales‑tax growth (1.5 percent) for SAVE, 3 percent annual growth in property valuations in PPEL planning, and an annual $150,000 baseline for playground improvements under PERL. The draft…