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Finance briefing: supplemental levy remains voter-approved but offset by state funds, creating no direct property-tax charge this year
Summary
District finance staff said the voter-approved $4.1 million supplemental levy is fully offset this year by $4.2 million in state school facilities funds; with no outstanding bond debt, there is currently $0 in property tax for the supplemental levy, though the board must still approve ballot language to retain the levy.
A district finance presenter explained to trustees how state school district facilities funds are offsetting the currently voter-approved supplemental levy. The presenter said the voter-approved supplemental levy is $4,100,000 and that state funds of $4,200,000 are applied to offset it. "The entire 4.1 supplemental levy is offset by school district facilities funds monies," he said, adding that because the district has no outstanding bond debt, the state monies cover the levy and result in "0 property tax for the supplemental levy."
The presenter emphasized supplemental funds are "essential" and support teachers, transportation, athletics, school safety, class sizes and other student services. He noted an excess of roughly $153,128 after the offset, and that the board has until August 28 to approve ballot language to place the levy on the November ballot. Trustees asked when the levy amount itself would be set; the presenter said that will be discussed in upcoming conversations and that the current approved amount is the $4.1 million figure used for the coming fiscal year.
