The Free Press, Mankato, MN

Local News

September 16, 2013

Mankato Schools preliminary levy shows decrease

Legislature changed funding formula to ease tax burden

(Continued)

Based on current calculations that still could change, the School Board voted to adopt the preliminary maximum levy Monday night. The deadline for districts to set final maximum levies is Sept. 30.

“I don’t see a large change coming to the amounts,” Kolander said.

Notices of proposed property taxes will be sent to taxpayers in November. The School Board will review the levy and budget at its Dec. 3 meeting and will vote to adopt the final tax levy Dec. 16.

Supt. Sheri Allen said being able to ease the tax burden on area residents is a good thing. The levy was also decreased this fiscal year by 2.18 percent due in part to the expiration of the 20-year bonding levy from 1992 for Dakota Meadows Middle School.

“We’re pretty happy about that,” she said.

The district will be putting a $69.5 million bond question to voters Nov. 5 for major construction projects, including an addition to Dakota Meadows and a new middle school building on the east side.

If the referendum passes, the tax hike for the average $150,000 homestead would be $94 per year, or $7.83 per month. For commercial property valued at $500,000, the tax increase would be $685 per year. And for agricultural land, the hike would be $274 per year for a $630,000 property.

There will be two public informational sessions on the projects and bonds in October. The sessions are 6:30-8 p.m. Oct. 3 at East; and 6:30-8 p.m. Oct. 8 at Dakota Meadows.

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