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Monticello School Board directs administration to prepare 'revoke-and-replace' operating levy resolution; vote 6-0
Summary
After months of budget committee discussion and presentations from financial advisors, the Monticello Public School District board voted unanimously to direct staff to prepare formal resolutions to revoke the current operating referendum and place a larger 'revoke-and-replace' referendum before voters.
The Monticello Public School District board on Monday voted 6-0 to direct district administration to prepare formal resolutions for a revoke-and-replace operating referendum to be brought to the June 2 board meeting, setting the district on a path toward asking voters for a larger operating levy.
Board members said the district needs a longer-term funding solution after forecasts showed that automatic renewal of the current levy would leave the district with thin fund balances and a likely statutory operating debt later this decade. "We either get started now to invest in our community, or we're going to have to pick up the ball much later and it's going to be much, much harder," said Board Member Mark Branson during discussion.
Why it matters: The board discussed…
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