ACTION ITEMS

Resolution 19-09 Three-Year Replacement Educational School Support and Operations Levy

In preparing Resolution 19-09 Three-Year Replacement Educational School Support and Operations Levy The Superintendent and Executive Director of Business Services reviewed three different options for the school board to consider:

Option 1) Request a levy that levies $2.50 per $1000 in assessed value for each of the three years of the Levy.

Option 2) Request a levy that levies $2.37 per $1000 in 2021 and $2.36 per $1000 in 2022 and 2023. This option would maintain the 2020 tax rate for the three years of the levy.

Option 3) Request a levy that maintains a level total tax rate (Levy and Bonds combined) for all three years of the levy. This would result in an estimated tax rate of $2.45 per $1000 in 2021, $2.49 per $1000 in 2022, and, $2.50 per $1000 in 2023.

Below are tables that show both historical and projected information for each scenario:

Option 1

ASSESSED VALUE*	LEVY YEAR	LEVY AMOUNT	LEVY RATE	AV INC %	BOND RATE	TOTAL RATE
$1,260,849,013	2013	$3,250,000	$2.58		$2.24	$4.82
$1,322,301,851	2014	$3,400,000	$2.57	4.87%	$2.13	$4.70
$1,432,956,349	2015	$3,950,000	$2.76	8.37%	$1.89	$4.65
$1,505,902,964	2016	$3,950,000	$2.62	5.09%	$1.93	$4.55
$1,576,263,856	2017	$3,950,000	$2.51	4.67%	$1.91	$4.42
$1,768,041,826	2018	$4,500,000	$2.55	12.17%	$1.74	$4.29
$1,928,689,220	2019	$2,893,034	$1.50	9.09%	$1.63	$3.13
$2,109,515,766	2020	$5,000,000	$2.37	9.38%	$1.55	$3.92
$2,278,277,027	2021	$5,700,000	$2.50	8.00%	$1.48	$3.98
$2,437,756,419	2022	$6,100,000	$2.50	7.00%	$1.42	$3.93
$2,584,021,804	2023	$6,450,000	$2.50	6.00%	$1.38	$3.88

Option 2

ASSESSED VALUE*	LEVY YEAR	LEVY AMOUNT	LEVY RATE	AV INC %	BOND RATE	TOTAL RATE
$1,260,849,013	2013	$3,250,000	$2.58		$2.24	$4.82
$1,322,301,851	2014	$3,400,000	$2.57	4.87%	$2.13	$4.70
$1,432,956,349	2015	$3,950,000	$2.76	8.37%	$1.89	$4.65
$1,505,902,964	2016	$3,950,000	$2.62	5.09%	$1.93	$4.55
$1,576,263,856	2017	$3,950,000	$2.51	4.67%	$1.91	$4.42
$1,768,041,826	2018	$4,500,000	$2.55	12.17%	$1.74	$4.29
$1,928,689,220	2019	$2,893,034	$1.50	9.09%	$1.63	$3.13
$2,109,515,766	2020	$5,000,000	$2.37	9.38%	$1.55	$3.92
$2,278,277,027	2021	$5,400,000	$2.37	8.00%	$1.48	$3.85
$2,437,756,419	2022	$5,750,000	$2.36	7.00%	$1.42	$3.78
$2,584,021,804	2023	$6,100,000	$2.36	6.00%	$1.38	$3.74

Option 3

ASSESSED VALUE*	LEVY YEAR	LEVY AMOUNT	LEVY RATE	AV INC %	BOND RATE	TOTAL RATE
$1,260,849,013	2013	$3,250,000	$2.58		$2.24	$4.82
$1,322,301,851	2014	$3,400,000	$2.57	4.87%	$2.13	$4.70
$1,432,956,349	2015	$3,950,000	$2.76	8.37%	$1.89	$4.65
$1,505,902,964	2016	$3,950,000	$2.62	5.09%	$1.93	$4.55
$1,576,263,856	2017	$3,950,000	$2.51	4.67%	$1.91	$4.42
$1,768,041,826	2018	$4,500,000	$2.55	12.17%	$1.74	$4.29
$1,928,689,220	2019	$2,893,034	$1.50	9.09%	$1.63	$3.13
$2,109,515,766	2020	$5,000,000	$2.37	9.38%	$1.55	$3.92
$2,278,277,027	2021	$5,575,000	$2.45	8.00%	$1.48	$3.92
$2,437,756,419	2022	$6,075,000	$2.49	7.00%	$1.42	$3.92
$2,584,021,804	2023	$6,450,000	$2.50	6.00%	$1.38	$3.88