Last Week's Meeting 9/14/2022

SCHOOL DISTRICT BALLOT QUESTION NO. 1                                      

RENEWAL OF SCHOOL DISTRICT REFERENDUM REVENUE AUTHORIZATION                                                      

The Board of Independent School District No. 656, Faribault, has proposed to renew its referendum revenue authorization, which is set to expire in 2023 for taxes payable in 2024, in an amount equal to $716.22 per pupil, subject to an annual increase at the rate of inflation. The proposed referendum revenue authorization would be first levied in 2023 for taxes payable in 2024 and applicable for 10 years unless otherwise revoked or reduced as provided by law.                                                         

                                    SCHOOL DISTRICT BALLOT QUESTION NO. 2

                                                           

APPROVAL OF SCHOOL DISTRICT CAPITAL PROJECT LEVY AUTHORIZATION                

The Board of Independent School District No. 656, Faribault, has also proposed a capital project levy authorization of 3.855% times the net tax capacity of the school district. The money raised by this authorization will provide funds for the acquisition and installation of technology equipment, improvements, and systems. The proposed capital project levy authorization will raise approximately $1,366,200 for taxes payable in 2023, the first year it is to be levied, and would be authorized for 10 years. The estimated total cost of the projects to be funded over that time period is approximately $13,662,000.                                                       

BY VOTING “YES” ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE                                                                

                                    SCHOOL DISTRICT BALLOT QUESTION NO. 3

                                                           

                                                           

The Board of Independent School District No. 656, Faribault, has proposed to increase its general education revenue by $302.00 per pupil if Ballot Question No. 1 is approved, subject to an annual increase at the rate of inflation. The proposed referendum revenue authorization would be first levied in 2023 for taxes payable in 2024 and applicable for 10 years unless otherwise revoked or reduced as provided by law.