Why is the district seeking a substitute levy?
• New growth in revenue from everyone paying their “fair share” as new people or businesses move into the District.
• This increases funding available for new students who move into the district as a result of the new construction.
Why is the district seeking a continuing levy?
• Continuing levies do not expire
• Stabilizes our local taxes
• Saves local tax base money in levy expenses for renewals
What do the existing levies fund?
• The levies generate about $4.7 million a year for the district’s general fund. The general fund pays for operating expenses for the district like supplies, utilities, salaries, materials, and programs.
What happens if the levy is not renewed before it expires?
• The district would need to cut about $4.7 million from its operating budget.
When do the current levies expire?
• The 2012 levy is set to expire on December 31, 2022.
• The 2014 levy is set to expire on December 31, 2024.
• If the substitute levy is approved, both existing levies would expire as of December 31, 2021, and would no longer be collected.
Will the district receive additional money if the levy is approved?
No. The approval of the substitute levy does not increase the amount of local funding the district receives.
Is the substitute levy needed because of the new elementary school?
No. The substitute levy is a renewal of existing levies that help fund the district’s operations every year. Even if the facilities project had not happened, the levies would still need to be renewed.