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Owatonna board certifies preliminary levy at maximum; levy proposed to rise 4.99% for taxes payable 2025

OWATONNA PUBLIC SCHOOL DISTRICT School Board · September 24, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Owatonna Public School District board approved a preliminary tax levy 'at maximum' Wednesday after a presentation saying the district’s levy would rise 4.99%; final certification is scheduled for December and MDE recommends approving at maximum to allow small corrections.

Lori Veil presented the district’s proposed preliminary levy, telling the board the levy "is going up by 4.99%" for taxes payable in 2025 and that the board must approve a proposed levy by Sept. 30 under state timing requirements. Veil said levy formulas are largely set by the legislature and that the district’s tax base growth and prior bond timing contributed to the current numbers.

Veil said the board should approve the levy "at maximum," which she said is what the Minnesota…

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