Marshall Public Schools #413 Truth

in Taxation Hearing for

Taxes Payable in 2014

Welcome

December 2nd, 20136:01 P.M.

Board Room-District OfficePresented by:

Bruce LamprechtDirector of Business Services

ISD 413, MarshallTruth in Taxation LawState law initially approved in 1998.The 2009 legislature made several changes:Property tax hearing can now be held a regular meeting. Hearing must be at 6:00 PM or later. Levy may be adopted at the same meeting.Requirement to publish meeting notice was deleted.All school districts must now hold a hearing. Previously some districts were exempted from the requirement to hold a hearing. You are here for the school district’s annual required hearing.

ISD 413, Marshall

Tax Hearing Presentation State law requires that we present information on the

current year budget and actual revenue and expenses for the prior year

State law also requires that we present information on the proposed property tax levy, including:

The percentage increase/decrease over the prior year Specific purposes and reasons if taxes are being

increased/decreased District must also allow for public comments

Agenda for Hearing

A. Background on School Funding, Property Tax Levies, and Budgets

B. Information on District BudgetC. Information on the District’s

Proposed Tax Levy for Taxes Payable in 2014

D. Public Comments and Questions

Public Education is Strong in Minnesota…… In Minnesota, the most commonly taken standardized

college entrance exam is the ACT. Seventy-four percent of Minnesota high school graduates in 2013 took the assessment, compared with 54% nationally

Minnesota’s average composite score of 22.9 was the highest in the nation of the 29 states in which more than half of the college-bound students took the test in 2013

Minnesota has led the nation in average composite ACT scores for eight consecutive years among states where more than half of high school seniors took the test. The national composite score was 20.7

Marshall’s composite score was 22.7

State of MN Constitution

“ARTICLE XIII MISCELLANEOUS SUBJECTS Section 1. UNIFORM SYSTEM OF PUBLIC

SCHOOLS. The stability of a republican form of government depending mainly upon the intelligence of the people, it is the duty of the legislature to establish a general and uniform system of public schools. The legislature shall make such provisions by taxation or otherwise as will secure a thorough and efficient system of public schools throughout the state.”

As a result… School District Funding is Highly Regulated by the State

State sets formulas which determine revenue; most revenue is based on specified amounts per pupil

State sets tax policy for local schools State sets maximum authorized property tax

levy (districts can levy less but not more than amount authorized by state, unless approved by the voters)

State authorizes school board to submit referendums for operating and capital needs to voters for approval

State Funding for Schools Has Not Kept Pace with Inflation

Increases in basic general education revenue per pupil have been less than inflation

There has been improvement overall this past year.

Per-pupil revenue for fiscal year 2014-15 is projected to be $332 below the 2004-05 inflation adjusted amount

For Fiscal 2014 and 2015, basic per-pupil funding is projected to increase by at least 1.5% per year, while most districts’ expenses will likely increase, without budget cuts, by 2-3% annually

Trends in General Education Formula Allowance for Minnesota School Districts FY 05 – FY 15

Trends in General Education Formula Allowance for Minnesota School Districts, 2004-05 through 2014-15

Adjusted for Inflation

Formula Change Formula Allow. Annual Formula CPI-U Allowance Since if Adjusted for Funding

Fiscal Year Allowance (2010=1.0) * in 2014 $s 2004-05 Annual Inflation Shortfall

2004-05 4,601 0.8847 5,714 0 4,601 0

2005-06 4,783 0.9184 5,722 8 4,776 -7

2006-07 4,974 0.9423 5,799 85 4,901 -73

2007-08 5,074 0.9769 5,707 -8 5,081 7

2008-09 5,124 0.9908 5,682 -32 5,153 29

2009-10 5,124 1.0000 5,630 -84 5,201 77

2010-11 5,124 1.0203 5,518 -196 5,306 182

2011-12 5,174 1.0503 5,412 -302 5,462 288

2012-13 5,224 1.0676 5,376 -338 5,553 329

2013-14 5,302 1.0807 5,391 -324 5,620 318

2014-15 ** 5,382 1.0987 5,382 -332 5,714 332

SOURCE: Formula Allowance and CPI-U are from Minnesota Department of Education, Referendum Cap Inflation Estimate 2012

* Consumer Price Index for all urban consumers for the Minneapolis-St. Paul area.

** Formula Allowance of $5806 adjusted for change in pupil weighting. The real dollar increase is $80 or 1.5%.

Impact is budget cuts and operating referendums… Even with these increases in state funding

expected, 44.2%* of districts continue to face projected budget shortfalls for FY 2014 and FY 2015 and anticipate the need to do some budget cuts

To meet local school budget shortfalls, voters in 300 districts, or 89.3% of all Minnesota districts, have approved an operating referendum levy

The state average amount for the current year is $920 per pupil unit

Of sixty-six questions proposed this year, fifty-eight passed or 88%

*Survey by Minnesota Association of School Business Officials (MASBO)

ISD 413, Marshall

School District Levy

2013 Payable 2014 2014-2015 School Year

Fiscal Year 2015

ISD 413, MarshallSchool Levy vs. Budget Cycle

Unlike cities and counties, a school district does not set its budget when setting the tax levy

Property Tax Levy Final levy set in December Property taxes levied on calendar year basis

Budget Preliminary budget approved in June, six months later School district fiscal year is July 1st through June 30th

ISD 413, Marshall, MinnesotaContrast of City/Township/County Levy Cycle to School District Levy Cycle

JAN

FEB

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NOV

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Legislation

City/Twp/County

Tax Levy Decision

Collection of Levy

Budget Year

School District

Tax Levy Decision

Collection of Levy

Budget Year

20152013 2014

Budget and Levy Adoption Calendar

JAN

FEB

MAR

APR

MAY

JUN

JUL

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SEP

OCT

NOV

DEC

JAN

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Audit 2012-2013

2013/2014 Current Budget

14-15 Budget Preparation

Adoption of 14-15 Budget

Update Current Budget Year

Final Current Budget Year Update

Tax Levy Decision

Collection of Levy

2014-2015 Budget Year

20152013 2014

Property Tax Share By Governmental Entity

Change in Tax Levy Does Not Determine Change in Budget

Tax levy is based on many state-determined formulas

Some increases in tax levies are revenue neutral, offset by reductions in state aid

Expenditure budget is limited by state-set revenue formulas, voter-approved levies, and fund balance, not just by tax levies

School District Budget

Current School and Fiscal Year2013-2014

MARSHALL PUBLIC SCHOOLS2013-2014 BUDGET OVERVIEW

REVENUES

12-13 Actual 13-14 Budget % Change

---------------- ------------------------------

General Fund $21,188,317 $22,199,330 4.8%

Foodservice $1,365,551 $1,406,675 3.0%

Transportation $1,413,297 $1,341,231 -5.1%

Community Services $2,053,008 $2,029,949 -1.1%

Capital Outlay $723,775 $740,034 2.2%

Debt Service $27,199,619 $3,197,267 -88.2%

Total $53,943,567 $30,914,486 -42.7%

MARSHALL PUBLIC SCHOOLS2013-2014 BUDGET OVERVIEW

EXPENDITURES

12-13 Actual 13-14 Budget % Change

---------------- ------------------------------

General Fund $20,993,295 $22,116,969 5.4%

Foodservice $1,353,286 $1,394,085 3.0%

Transportation $1,346,660 $1,309,514 -2.8%

Community Services $2,044,952 $2,077,641 1.6%

Capital Outlay $842,447 $896,621 6.4%

Debt Service $3,434,288 $26,752,346 679.0%

Total $30,014,928 $54,547,176 81.7%

2013-2014 Revised Budget Analysis

REVISED PROJECTED JUNE 30TH, 2014 ENDING FUND BALANCES

FUND STARTING REVENUE EXPEND ENDING

GENERAL $3,509,483 $22,199,330 $22,116,969 $3,591,844

FOODSERVICE $174,799 $1,406,675 $1,394,085 $187,389

TRANSPORTATION $66,637 $1,341,231 $1,309,514 $98,354

COMMUNITY SERVICES $130,243 $2,029,949 $2,077,641 $82,551

CAPITAL OUTLAY $644,496 $740,034 $896,621 $487,909

DEBT REDEMPTION $24,182,200 $3,197,267 $26,752,346 $627,121

TOTAL $28,707,858 $30,914,486 $54,547,176 $5,075,168

General Fund Expenditures June 30th, 2013

District and School Admin4%

District Support Services 4%

Regular Instruction 49%

Vocational Instruction2%

Exceptional Instruction19%

Instructional Support Services5%

Pupil Support Services4%

Site, Buildings, and Equipment 11%

Fiscal and Other Fixed Cost Programs 1%

District and School Admin

District Support Services

Regular Instruction

Vocational Instruction

Exceptional Instruction

Instructional Support Services

Pupil Support Services

Site, Buildings, and Equipment

Fiscal and Other Fixed Cost Programs

ISD #413, MarshallMarshall Public Schools

Summary of Staff Employed

2012-13 2013-1412-13 vs

13-14

Staff Classification Actual BudgetPercent Change

Certified

Administration 10.5 11.5 9.5%

Teachers

Full-time 162 165 1.9%

Part-time 18.02 20.23 12.3%

Nurses 1.35 1.35 0.0%

Non-Certified

ASG/Confidential/Others 28.5 27.5 -3.5%

Support Staff 89 82 -7.9%

Custodial 20.1 20.1 0.0%

Total 329.47 327.68 -0.5%

ISD #413 - MARSHALL GENERAL FUND EXPENDITURES JUNE 30th, 2013

Salaries and Wages67%

Employee Benefits18%

Purchased Services11%

Supplies and Materials3%

Equipment1% Other Expenditures/Transfers

1%

Salaries and Wages

Employee Benefits

Purchased Services

Supplies and Materials

Equipment

Other Expenditures/Transfers

TOTAL EXPENDITURES

ISD #413-Marshall-General Fund Expenditures By Object Code

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

$14,000,000

$16,000,000

Salaries and Wages

Employee Benefits

Purchased Services

Supplies and Materials

Other Expenditures/Transfers

Equipment

ISD 413, Marshall

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013-10.00%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

ISD #413 - MARSHALL - CHANGE IN GENERAL FUND INSTRUCTION EXPEN-DITURES SINCE 2005

Regular & Vocational Instruction

Exceptional Instruction

ISD #413, Marshall

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ISD #413 - MARSHALL - GENERAL FUND EXPENDITURES BY PROGRAM

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

ISD #413, Marshall

ISD #413 Audit Highlights The audit results for 2012-2013 showed an

ending General Fund balance of $3,509,483 or 16.7% of expenditures

The Transportation Fund showed an ending fund balance of $66,637 due to revenue coding changes

The Capital Outlay Fund ended with a balance of $644,496 exceeding the established goal of $400,000 by a goodly amount

The Foodservice Fund ended with a slightly less ending fund balance than projected

The Debt Service Fund balance is quite significant because of the bond refunding that took place

GENERAL72%

FOODSERVICE4%

TRANSPORTATION4%

COMMUNITY SERVICES7%

CAPITAL OUTLAY3%

DEBT REDEMPTION10%

2013-2014 DISTRICT #413 EXPENDITURE BUDGET

ISD #413, Marshall The Revised General Fund Budget for

2013-2014 shows a $114,478 excess in revenues over expenditures. This includes a transfer of $31,717 from the Transportation Fund to zero out the fund balance.

This translates into a $3,594,844 ending fund balance or a 16.25 fund balance percent with a stated, approved goal of 8.0% (fund balance/expenditures) being the bare minimum.

How Much Revenue is State Aid vs. Local

Sources?

General Fund Revenues By Source

General Fund Revenue Sources by Percent

ISD 413, MarshallGeneral Fund Changes in Basic Per Pupil Allowance

1997-98 $3,581 2.17%

1998-99 $3,530 -1.42%

1999-00 $3,740 5.95%

2000-01 $3,964 5.99%

2001-02 $4,068 2.62%

2002-03* $4,601 13.10%

2003-04 $4,601 0.00%

2004-05 $4,601 0.00%

2005-06 $4,783 3.96%

2006-07 $4,974 3.99%

2007-08 $5,074 2.01%

2008-09 $5,124 0.99%

2009-10 $5,124 0.00%

2010-11 $5,124 0.00%

2011-12 $5,174 0.98%

2012-13 $5,224 0.97%

2013-14 $5,302 1.49%

Total Change Per Pupil $1,721 48.06%

Revenue-Adjusted For Inflation

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013($4,000,000)

($3,000,000)

($2,000,000)

($1,000,000)

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

ISD #413 - MARSHALLFUND BALANCE/CASH BALANCE ANALYSIS

GENERAL FUND

FUND BALANCE-ENDING

ADJUSTED CASH BALANCES

Proposed 2014 Property Tax Levy

Determination of levy Comparison 2013 to 2014 levies Specific reasons for changes in tax

levy Impact on taxpayers

ISD 413, Marshall

Authority for School LeviesA School District Tax Levy must be either:

Set by State Formulaor

Voter Approved

Property Tax Background Every owner of taxable property pays

property taxes for the various ‘taxing jurisdictions’ (county, city or township, school district, special districts) in which the property is located

Each taxing jurisdiction sets its own tax levy, often based on limits in state law

County sends out bills, collects taxes from property owners, and distributes funds back to other taxing jurisdictions

School District Property Taxes Each school district may levy taxes in

up to 30 different categories ‘Levy Limits’ (maximum levy amounts)

for each category are set either by: State law, or Voter approval

Minnesota Department of Education (MDE) calculates detailed levy limits for each district

Property Tax Background

School District Property Taxes Key steps in the process are

summarized on the next slide Any of these steps may affect the

taxes on a parcel of property, but the district has control over only 1 of the 7 steps

Legislative Changes Do Affect Tax Levy The 2013 Legislature approved

significant changes in school funding formulas which will affect tax levies payable in 2014

State aid for operating referendums was increased, resulting in reductions in tax levy for most districts

State allowed some districts to add new board-authorized referendum revenue and location equity revenue, which will increase tax levies for some districts

State aid for operating capital revenue was also increased, resulting in reductions in tax levy

State added a new “Student Achievement Levy” which will fund some of the basic general education revenue for all districts

The Homestead Credit Shift The 2011 legislature repealed the

Homestead Market Value Credit In its place, the Legislature

implemented a Homestead Market Value Exclusion

Property Tax History-$150K Parcel

Primary Parcel's District Rate Rate Property Taxes by Year and Property TypePayable School Market Total Against Against Residential Commercial Agricultural

Year Year Value Levy RMV NTC Homestead Industrial Land & Bldg

2001 2001-02 150,000 5,249,302 0.001141 0.657324 $1,157 $1,650 $542

2002 2002-03 150,000 1,780,059 0.000057 0.233595 $359 $534 $193

2003 2003-04 150,000 1,685,744 0.000064 0.209072 $323 $480 $172

2004 2004-05 150,000 3,568,331 0.000537 0.374747 $643 $924 $309

2005 2005-06 150,000 3,556,922 0.000566 0.340827 $596 $852 $281

2006 2006-07 150,000 4,253,869 0.000657 0.369130 $652 $929 $305

2007 2007-08 150,000 4,442,638 0.000652 0.345149 $616 $874 $285

2008 2008-09 150,000 5,427,676 0.001596 0.344482 $756 $1,015 $284

2009 2009-10 150,000 5,560,578 0.001594 0.327338 $730 $976 $270

2010 2010-11 150,000 5,489,763 0.001610 0.289605 $676 $893 $239

2011 2011-12 150,000 5,714,438 0.001662 0.308009 $711 $942 $254

2012 2012-13 150,000 5,880,186 0.001641 0.300163 $696 $922 $248

2013 2013-14 150,000 6,181,077 0.001665 0.296456 $694 $917 $245

2014 Excluding Addition 150,000 5,599,469 0.001419 0.274163 $624 $830 $2262014 Including Addition 150,000 5,599,469 0.001419 0.274163 $624 $830 $226

Changing School District Property Taxes

The Graph presents the changing School District Property taxes in MARSHALL from 2001-2014 with simulation for 2014 taxes.

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Pay 01 Pay 02 Pay 03 Pay 04 Pay 05 Pay 06 Pay 07 Pay 08 Pay 09 Pay 10 Pay 11 Pay 12 Pay 13 Pay 14

Homestead Commercial Farm

Comparable Levies On Residential Homesteads

Pay 2014 DOES NOT INCLUDE any additional levies from elections held in 2013.

Instructions Comment 413 347 518 423MARSHALL WILLMAR WORTHINGTON HUTCHINSON

Market Value1 Pay 2001 (FY 2002) 150,000 1,157 1,162 1,038 1,2182 Pay 2002 (FY 2003) 150,000 359 661 444 4613 Pay 2003 (FY 2004) 150,000 323 638 626 4354 Pay 2004 (FY 2005) 150,000 643 557 597 6825 Pay 2005 (FY 2006) 150,000 596 509 563 5306 Pay 2006 (FY 2007) 150,000 652 548 544 5087 Pay 2007 (FY 2008) 150,000 616 536 831 5158 Pay 2008 (FY 2009) 150,000 756 493 775 4999 Pay 2009 (FY 2010) 150,000 730 561 718 503

10 Pay 2010 (FY 2011) 150,000 676 557 781 50111 Pay 2011 (FY 2012) 150,000 711 582 711 57212 Pay 2012 (FY 2013) 150,000 696 599 750 55813 Pay 2013 (FY 2014) 150,000 694 562 738 56814 Pay 2014 (FY 2015) 150,000 624 417 655 333

You may change the District #s below to see estimated taxes in other districts.

Changing Property Taxes On A $150K Residential Homestead

SCHOOL DISTRICT FUNDS

The school district has three revenue and expenditure funds that receive local tax levies to help support the various programs included in the funds. 1. GENERAL FUND LEVY a. The lease levy to pay the rent for MECLA is included here. b. The local operating referendum is also part of this fund. c. Equity and Transition levy are two more components of the total. d. Lost Interest, Safe Schools, Unemployment and Career & Technical levy make up part of this. e. Provides funding for facilities maintenance and instructional equipment.

f. Provides funds for Health and Safety code compliance, asbestos removal, underground storage tank replacement, and safety requirements

g. Integration revenue and QComp levy are also part of this fund levy amount. 2. COMMUNITY SERVICE FUND LEVY a. Based on the adult population in the District. b. Early Childhood levy is based on the number of children under 5 years of age. 3. DEBT SERVICE FUND LEVY

a. Based on annual debt retirement schedules. Annual levy is what is needed to pay off bonds. b. OPEB (Implicit Rate Subsidy) funding is included in this category.

ISD 413, MarshallHow are the Proposed 2013 School Taxes Spent?

How are the Proposed 2014 School Taxes Spent?

General Fund Amount

Provides funding for the district instructional programs, alternative compensation, integration program, also part of the costs for the maintenance of technology infrastructure and for the purchase of instructional equipment , building maintenance and Health and Safety

$2.691,877.44

Community Education Fund Levy for Community Education Programs such as ECFE

$187,117.65

Debt Service (Including OPEB) Levy for repayment of principal and interest on district debt

$2,720,474.09

Total Levy $5,599,469.18

Pay 2013/Pay 2014 Levy ComparisonFund 12 Pay 13 13 Pay 14 Increase or

Decrease% Change

General 2,833,931.25

2,691,877.44

-142,053.81 -5.01%

Community Service

184,213.55

187,117.65

2,904.10 1.58%

General Debt Service

3,029,555.32

2,590,059.97

-439,495.35 -14.51%

OPEB Debt Service

133,376.87

130,414.12

-2,962.75 -2.22%

Total 6,181,076.99

5,599,469.18

-581,607.81

-9.41%

2013-2014 Tax Levy Spending

ISD 413, MarshallBasic general education aid and levy formula

(1) NTC 2012 15,402,826 (2) Sales Ratio 2012 98.6%(3) ANTC 2012 15,626,910

(4) Standard Levy Limit FY 2015 0.0%

(5) Gen Education Basic Levy Limit 2013 0.00

APU-Estimate 2014-2015 2486.00

Formula Allowance Pay 2014 5,806.00(6) Basic General Education Revenue 14,433,716.00

(7) Basic General Education Aid Revenue FY 2015 14,433,716.00

(8) General Education Aid Percentage FY 2015 100.0%

ISD 413, MarshallDistrict #413 Proposed Property Tax Stmt. for 2014

Actual 2013 Property Tax Proposed 2014 Property Tax

Voter Approved Levies $4,403,872.16 $3,287,674.87

Other Local Levies $1,777,204.83 $2,311,794.31

School District Total $6,181,076.99 $5,599,469.18

ISD 413, Marshall

The School District Levy isdecreasing by:

$581,607.81or

9.41%

Tax Levy History 1999 Pay 2000 $5,149,862.38 2.60% Decrease 2000 Pay 2001 $5,063,847.46 1.67% Decrease 2001 Pay 2002 $1,780,058.97 64.58%

Decrease 2002 Pay 2003 $1,685,744.13 5.30% Decrease 2003 Pay 2004 $3,568,330.76 111.68%

Increase 2004 Pay 2005 $3,556,922.39 0.32% Decrease 2005 Pay 2006 $4,253,869.00 19.59% Increase 2006 Pay 2007 $4,442,638.19 4.44% Increase 2007 Pay 2008 $5,427,675.70 22.17% Increase 2008 Pay 2009 $5,560,578.16 2.40% Increase 2009 Pay 2010 $5,489,763.14 1.27% Decrease 2010 Pay 2011 $5,714,432.29 4.09% Increase 2011 Pay 2012 $5,880,186.24 2.90% Increase 2012 Pay 2013 $6,181,076.99 5.12% Increase 2013 Pay 2014 $5,599,469.18 9.41% Decrease

ISD 413, MarshallWhat are the main variables

that cause property tax increases and decreases?

1. Changes in value of the individual property

2. Changes in class rates/history3. Market Value Homestead Exclusion4. Voter Approved Referendums5. Ongoing Legislative Action6. Changes in the total value of all

property in the district

ISD 413, MarshallChanges in Market ValueThe market values are final and are not a subject for the upcoming budget hearings. They were discussed at the local board of review and county board of equalization hearings held earlier this year. The final taxable market values may reflect a reduction under the limited value law. If this property is a qualifying homestead, the final taxable market values may exclude improvements which you made to this property.

Net Tax Capacity Property ComparisonDescription Residential

HomesteadCommercial Industrial

Agricultural Homestead (Land & Buildings)

Property Value $200,000 $200,000 $200,000

Tax Rate Pay 2014

1.00 % 2.00% .50%

Net Tax Capacity Amount

$2,000.00 $4,000.00 $1,000.00

State Property Tax Refunds State of Minnesota has two tax refund

programs and one tax deferral program available for owners of homestead property

These programs may reduce the net tax burden for local taxpayers, but only if you take time to complete and send in the forms

For help with the forms and instructions: Consult your tax professional, or Visit the Department of Revenue web site at

www.taxes.state.mn.us

State Property Tax RefundsMinnesota Property Tax Refund (aka

“Circuit Breaker” Refund) Has existed since the 1970’s Available to all owners of homestead

property Annual income must be approx. $105,500 or

less (income limit is higher if you have dependents)

Refund is a sliding scale, based on total property taxes and income

Maximum refund is $2,580 Especially helpful to those with lower

incomes Fill out state tax form M-1PR

State Property Tax RefundsSpecial Property Tax Refund

Available for all homestead properties with a gross tax increase of at least 12% and $100 over the prior year

Refund is 60% of the amount by which the tax increase exceeds the greater of 12% or $100, up to a maximum of $1,000

No income limits Fill out state tax form M-1PR

Minnesota Department of Revenue(651) 296-3781

Senior Citizen Property Tax Deferral Allows people 65 years of age or older with a household

income of $60,000 or less to defer a portion of the property taxes on their home

Taxes paid in any year limited to 3% of household income for year before entering deferral program; this amount does not change in future years

Additional taxes are deferred, but not forgiven State charges interest up to 5% per year on deferred

taxes and attaches a lien to the property The deferred property taxes plus accrued interest must

be paid when the home is sold or the homeowner(s) dies

ISD 413, MarshallWhereas, Pursuant to Minnesota Statutes the School Board of Independent School District No. 413, Marshall, Minnesota, is authorized to make the following proposed tax levies for general purposes:

Now Therefore, Be it resolved by the School Board of Independent School District No. 413, Marshall, Minnesota, that the amount to be levied in 2013 to be collected in 2014 is set at $5,599,469.18. The clerk of the Marshall School Board is authorized to certify the proposed levy to the County Auditor of Lyon County, Minnesota.

General Fund $2,691,877.44Community Service $187,117.65

Debt Service $2,720,474.09Total Proposed School Tax Levy $5,599,469.18

Next Steps Tonight-Board will accept public

comments and questions on proposed levy

December 16th-Board will conduct subsequent hearing (if necessary) and certify the 2014 property tax levy

ISD 413, Marshall

Public Comments and Questions

THE END

THANK YOU FOR ATTENDING!