School Property Tax Levies and Levy Changes in Hastings School District #200
Explore the tax levy process in Hastings School District #200 for the 2017 payable 2018 school year, including factors impacting tax levies, proposed property tax details, and explanations of levy changes driven by legislative decisions and voter approvals.
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Presentation Transcript
HASTINGS SCHOOL DISTRICT # 200 TRUTH IN TAXATION December 2017
TAX LEVY CALENDAR FOR TAXES 2017 PAYABLE 2018 SCHOOL YEAR JULY 1, 2018 JUNE 30, 2019 May 2017 July 2017 August 2017 Legislature sets school finance formulas. LTFM project applications are due. Pupil projections and other school data necessary data to complete initial levy run are due. August 2017 Date and location of levy hearing is set. September 2017 Schools receive initial levy limitation from MDE. September 2017 Certify proposed levy. (1) November 2017 County mails levy notices to property owners. December 2017 Public hearing on levy. December 2017 Certify final tax levy. (2) Except for new voter approved tax levies; the final levy cannot exceed the proposed levy. (1) The certification of the levy is a culmination of a five month process, which began the previous spring. (2)
FACTORS IMPACTING TAX LEVY ISSUES DRIVEN BY LEGISLATIVE DECISIONS: Change in tax capacity rate. Laws impacting building or health and safety code compliance. Changes to other levy formulas. ISSUES DETERMINED BY DISTRICT VOTERS: Voter approved building bonds. Voter approved referendum. LOCAL FACTORS: Inflationary pressure on real estate market. Change in individual assessed market value. Possible change in property classification. Property improvements not previously taxed.
PROPOSED SCHOOL PROPERTY TAX LEVY 2016 pay 2017 2017 pay 2018 change PROPERTY TAXES DETERMINED BY STATE LEGISLATION General Fund (includes location optional & board converted) Community Education and Services TOTAL BASED UPON STATE LEGISLATION 5,752,155 6,006,266 460,392 6,212,547 254,111 (640) 253,472 459,752 6,466,018 4.08% PROPERTY TAX AUTHORITY PROVIDED BY LOCAL VOTERS Referendum Levy (excludes location optional & board converted) 4,737,163 TOTAL BASED ON VOTER AUTHORITY 6,038,431 27.47% 1,301,268 DEBT REDEMPTION LEVY Voter Approved Building Bonds Alternative Facility Health and Safety TOTAL DEBT REDEMPTION LEVY 4,278,012 4,363,940 268,034 4,546,046 85,928 (2,407) 83,521 265,627 4,629,567 1.84% TOTAL PROPERTY TAXES Percent Increase in Tax Levy 15,495,756 17,134,017 1,638,260 10.57% Tax Base (Adjusted Net Tax Capacity for District) Referendum Market Value 36,876,649 37,636,674 760,025 2,744,276,124 2,825,969,272 125,923,537
EXPLANATION OF LEVY CHANGES GENERAL Equity Revenue (39,076) 3 formulas-2 adj. Vote -85,656 (1,140) Prior year adjustments. 12,080 Estimate to actual. 1,266,511 Prior year adj., Vote +1,428,600 (9,753) Prior year adjustment. (14,765) Prior year adj., includes 917 & Soc. Workers. % of the gen. ed. formula decrease .0014 to 0. Transition Revenue Reemployment Referendum Career Technical Safe School Levy Student Achievement (51,627) Abatements 54,483 Property tax reductions.. Operating Capital (41,340) $ amount for ratio increased. Long-Term Facility Maintenance 389,939 Year 3 final increase 292 to 380. (9,933) Prior year adjustments. Lease Levy Total Change General 1,555,379
EXPLANATION OF LEVY CHANGES CONTINUED GENERAL-previous page 1,555,379 COMMUNITY EDUCTION (640) School Age Care Disabled prior year adj. DEBT SERVICE 83,521 Prior year excess reduction was higher. TOTAL CHANGE 1,638,260 10.57% increase VOTER APPROVED OTHER 1,387,196 251,064 1,638,260
BUDGET OVERVIEW JULY 1, 2017 JUNE 30, 2018 Revenues Expenditures General Fund 52,527,848 53,614,323 Food Service 2,459,785 2,441,827 Community Services 2,276,813 2,300,316 Debt Service 4,914,249 3,875,463 Trust Fund Excludes Irrevocable Trust F45 & Self-Funded Ins. F20/21 85,000 80,000 TOTAL 62,263,705 62,311,929
WHERE DO OUR REVENUES COME FROM? Misc. Local 7.8% State Aid 39,432,285 Other 0.0% Levy 25.0% Federal Aid 2,388,004 Levy 15,570,203 Federal Aid 3.8% State Aid 63.3% Misc. Local 4,873,213 Other-Bond Refunding 0 Total 62,263,705
WHAT DO OUR EXPENDITURES PAY FOR? Salaries/Benefits 44,373,354 Purchased Service 13.2% Equipment, Books, Buildings3.1% Supplies5.3% Debt Service6.2% Purchased Services 8,223,624 Misc0.9% Debt Service 3,875,463 Equip, Books, Buildings 1,955,519 Supplies 3,310,719 Misc 573,251 Salaries Benefits 71.2% Total 62,311,930
WHAT DO OUR EXPENDITURES PAY FOR? Instructio nal Support 3.5% Administration District Support Elem. & Sec. Reg. 25,739,408 Vocational Special Education Community Education 2,258,623 Instructional Support 2,529,592 Pupil Support Sites & Buildings 5,687,100 Other Fixed Costs 4,101,100 2,084,269 2,076,623 Sites & Building 9.1%Other Fixed Costs 0.3% Communi ty Education 2.6% Special Education 10.4% Pupil Support 8.3% 469,021 9,647,571 Vocation al 0.8% 7,718,623 Administr ation 3.3% Elem. & Sec. 41.3% Total 62,311,930 District Support 2.7%
QUESTIONS OR COMMENTS CONTACT HASTINGS ISD # 200 DISTRICT OFFICE 1000 11THST WEST HASTINGS MN 55033 (651) 480-7000 Posted on District Web http://www.hastings.k12.mn.us/Property_Taxes2
