The Mankato Free Press
---- — MANKATO — The Mankato Area Public School Board Monday night voted to adopt the 2014-15 levy, which will decrease 5.88 percent.
The levy is decreasing by about $1 million, from $17.43 million in 2013-14 to $16.4 million in 2014-15, reported Jerry Kolander, director of business affairs.
Property-tax relief and funding “equalization” is what the state Legislature had in mind when changing some of its funding formulas during the past year, Kolander said. To ease the tax burden on property owners, the state lowered the levy amount and increased state aid (which is based on per-pupil funding) to make up the difference.