MPS Levy Increase
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A Strategic Plan for Minneapolis Public Schools 2014-2020. 2016 Fiscal Year Levy Proposal Finance Division Board of Education Meeting September 23, 2014
description
Levy increase will add classrooms, lunchrooms and other amenities
Transcript of MPS Levy Increase
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Fiscal Year Levy Proposal
Finance Division
Board of Education Meeting
September 23, 2014
A Strategic Plan for Minneapolis Public Schools 2014-2020.
Investing in Student Success
The purpose of the levy is to fund and support key operational needs and
new capital efforts
Select FY 2016 Needs
• School Renovation Projects
• Teacher Retirement Fund and Minneapolis Employee Retirement Fund
• Adult Basic Education and Early Childhood programming
• Funds for Police Liaisons, Drug Prevention and Gang Resistance education program
• Debt service on bonds
A Strategic Plan for Minneapolis Public Schools 2014-2020.
Why is the Levy Important?
• One of the highlights of the proposed funding for FY 2016 is updating six facilities for our students
– The updates provide our students with the tools they need to succeed
– In conjunction with Acceleration, these efforts support our commitment to college and career readiness for each student in our care
– It’s time to take bold action to support our students; they deserve and can achieve more
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
SANFORD
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
SANFORD
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendation
FY15- Board approved a flat levy
*FY16 – MPS Finance
Committee is proposing a maximum 4.5 percent increase
A Strategic Plan for Minneapolis Public Schools 2014-2020.
2016 Levy Recommendations
• Recommendations are based upon preliminary levy projections and increase this year to allow for this important capital expansion of $155M
• If the maximum levy increase is set at 4.5% to $179.6M homeowners would see moderate increase based on the market values of their homes:
$150K value increase tax by $2.18 monthly or $26.19 per year
$300K value increase tax by $5.01 monthly or $60.10 per year
$450K value increase tax by $7.78 monthly or $93.33 per year
A Strategic Plan for Minneapolis Public Schools 2014-2020.
Milestones
Approval Process for 2016 Levy
Levy Recommendations Approval of
maximum levy Community
Meetings
BOE approval and
certification
Our role today
A Strategic Plan for Minneapolis Public Schools 2014-2020.
Your Support
We ask that you support the preliminary recommendation of a maximum increase of 4.5 percent to allow for planning of all
expansion plans and ongoing capital needs.
Final levy numbers will be established over the coming months and approved by the
Board of Education.
