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Packet explains Ag2School credit will cover about $80,000 of Wrenshall’s $936,596 debt-service levy
Summary
Levy materials state the Ag2School credit will pay approximately $80,000 of the district's $936,596 debt-service levy for Pay 2025 and describe which property types the credit applies to; the packet provides percentages and cautions on assumptions used.
The proposed levy packet shows a Debt Service Fund levy of $936,596 and says the state will pay about $80,000 of that amount for Pay 2025 through the Ag2School credit. The packet explains the Ag2School credit applies to agricultural land and buildings (not the house, garage or first acre) and provides assumed percentages of who pays the remainder of debt service under the packet's valuation assumptions.
The packet also includes a note that PMA Securities did not independently verify MDE or county valuation data and that assumptions about Ag2School credit coverage and valuation could change the net effect. The packet presents these figures as calculations for planning and certification rather than as final tax bills.
