Saint Peter School Board Gets Into Tax Levy Discussion for 2024

Saint Peter School Board Gets Into Tax Levy Discussion for 2024

Photo: District 508 staff discussed the levy and budget during a truth in taxation presentation Monday, December 18. 

By Robert Lawson

Publisher

info@nicolletcountyledger.com


The Saint Peter School Board held its regular meeting on December 18 and discussed truth in taxation, the district budget and more. 

First up was a presentation on truth in taxation. Taxes are levied in the fall of 2023 but collected and payable in 2024 as per Minnesota Statute 275.065. The district levy is increasing by 7.13 percent or $509,158, according to the presentation to the district provided by staff. Saint Peter’s property market value increased by 17.4 percent, according to the presentation. This pertains to the value of homes in the community and their appreciation. 

“Across the state, the average was around four and five percent,” the presenter said. “So we had a very high market value comparatively to other areas around the state.”

That fact, combined with the declining student population, contributed to the increase in the levy amount. 

levy

Around 53 percent of the levy funds will be allocated to the General Fund, which provides funding for district regular and special education instructional programs including (but not limited to) support services, transportation, instructional, athletic, and operational equipment, technology, and building maintenance. About 45 percent will be allocated to service debt. Only about 1.5 percent is dedicated to funding for community education programs, early childhood family education and school readiness, the district presentation showed. 

budget

Out of the total district 508 budget, the levy represents more than 17 percent of the pie, per district data and charts presented at the meeting. State aid makes up just about 71 percent and the remainder is funded by the federal government and miscellaneous local revenues, which combined make up only a little more than 11.5 percent. Of those funds available, the district allocates more than 84 percent to its general fund, 4.6 percent to food service, almost 2.3 percent to community education and a little more than 8.5 percent to debt service. Gifts account for less than 1 percent. 

In other school board business, they discussed a resolution for combined polling places, facilities maintenance, a special election, approval of the World’s Best Workforce report, approval of the 2024-2025 school calendar, Native American Parent Advisory Committee update, staff reports and upcoming meetings.

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