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Business manager: levies down across funds; district aiming to reduce debt to create room for growth
Summary
The district’s business manager presented a levy trend report showing decreases in bond redemption and capital outlay levies and described a scoreboard approach that rewards levy decreases to create future capacity for new school buildings; she noted state law sets several levies and pending legislative proposals could change funding structures.
The Tea Area School District business manager presented the board with an annual levy‑trend report and a proposed way to score levy movement on a district 'scoreboard.'
"Our levy has gone down," the business manager (Speaker 3) told the board. She highlighted the district’s intention to reduce debt to create capacity for future building projects and explained a scoring system that assigns higher marks when levies decrease.
Key numbers cited: "Last year, our bond redemption levy was $2.66. This year, it's $2.42," the business manager said, and added that the capital outlay fund levy moved slightly from $2.52 to $2.49. She also reported the special education levy moved from 1.488 to 1.462 and noted those three levies are set by the state.
Board members asked how pending state property‑tax proposals might affect local levies. The business manager said levies for the coming tax year have already been set by the state but acknowledged discussions continue at the legislative level and that eliminating certain levies would require finding alternative funding sources.
The board received the report as information; there was no formal motion to change current levy settings during the meeting.
