Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Granite Falls podcast explains levies, bonds and local tax impact
Summary
In a Money Matters Monday episode, Granite Falls School District leaders explained how levies and bonds differ, detailed the district's two levies and three outstanding bonds, and outlined how one bond dropping off will lower local property tax by about $0.60 per $1,000 in assessed value.
Josh Middleton, superintendent of Granite Falls School District, and Marshall Cruz, the district’s director of finance and operations, used a recent episode of the district’s Money Matters Monday podcast to explain how levies and bonds work and what they mean for local taxpayers.
Marshall Cruz said levies and bonds ‘‘are a way for school districts to raise additional money to help pay for things that the state doesn’t pay for.’’ He described levies as short-term, relatively smaller measures that support day-to-day operations, and bonds as larger, long-term measures used for major capital projects. ‘‘Levies are for learning and bonds are for building,’’ Cruz said.
The district maintains two ongoing levies: a maintenance-and-operations (M&O) levy, which feeds the general fund and covers items the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
