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Board discusses permissive levy to capture $90,000 state contribution for building reserve
Summary
Presenter said the state will provide about $90,000 to the building reserve (account 261) if the district levies permissively "23"; trustees generally supported pursuing the additional state contribution.
Presenter reviewed the building reserve account (261) and said the state is offering about $90,000 to the district for that account if the district adopts a permissive levy of 23 (as stated in the transcript). "If you look down on the the nineties, about halfway down, it says $90,000. That's what the state is gonna give us for that small box," the Presenter said, and recommended taking the permissive levy to secure the funding.
Trustees discussed trade-offs, including whether to accept the full permissive amount or reduce it; the Presenter noted the district would retain a voted $100,000 baseline regardless of the permissive levy and that adding the permissive portion would increase the building reserve for planned projects.
