Why? “100% of students will graduate with the knowledge and skills needed to be successful in post-secondary education, careers, and life.” • The District’s current Educational Programs & Operations and Technology & Security Levies expire on December 31, 2019. • To ensure continued funding, voters must reauthorize both measures.
Educational Programs & Operations (EPO) Levy Rate After McCleary Fix Before McCleary Fix (Dec 2018) $7.00 $7.00 $6.00 $6.00 $5.00 $5.00 $3.93 $4.00 $4.00 $1.50 $3.00 $3.00 $2.00 $2.00 $2.89 $2.08 $1.00 $1.00 $0.00 $0.00 Rate per $1,000 Rate per $1,000 District EPO Levy District EPO Levy State Property Tax for Schools State Property Tax for Schools
Results of McCleary Fix Even with increased state funding, the loss of EPO revenue, combined with rising operating costs, leave us with an estimated budget gap for 2019-20 of $4.5 million. $4.5m 2019-20 budget gap!
Our Plan Engage constituents in providing input into budget reductions. Work with the State Legislature to mitigate impacts of the McCleary fix on those districts most negatively impacted. Include some of those expenditures related to technology and security that have, in the past, been funded by the EPO levy, in the Technology & Security levy.
Technology & Security Levy $1.20 $1.00 $1.01 $0.92 $0.80 Rate per $0.60 $1,000 $0.49 $0.40 $0.20 $0.00 Current Rate (amount = $1.9 million) Estimated Rate: 2020 (amount = $4.8 million) Estimated Rate: 2021 (amount = $4.8 million)
Key Facts • February 12, 2019 • Ballots mailed on or around January 20 • For additional information, contact: o Jennifer Larson, Executive Director for Finance Phone: 428-6110 E-mail: jlarson@mvsd320.org o Carl Bruner, Superintendent Phone: 428-6181 E-mail: cbruner@mvsd320.org • Or go to www.mountvernonschools.org
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