Taxes

Tax Impact Comparison

Total Debt Service & Total Referendum Market Value Levies

10,000,000
$3,958,686

8,000,000

6,000,000 $6,157,830

4,000,000 $781,289
$561,904
$3,581,857
$3,392,949
$1,012,096 $738,948
$2,459,537
2,000,000
$700,406 $614,034 $2,079,990
$417,863 $1,425,486
$930,692
0
Triton Kenyon-Wanamingo Stewartville Pine Island Byron Kasson-Mantorville Owatonna

Debt Service Local Optional Revenue & Operating Referendum New Referendum
 School Portion of Property Taxes Payable in 2016 on a 1-acre Non-
homestead Agricultural Property valued at $7,500
$40

$36.24
$35

$30.69
$30

$25 $23.76

$21.37

$20 $18.82
$17.33
$16.08
$15.03
$14.42
$15

$10.52
$8.63
$10

$5

$0

Source: Minnesota Department of Education

 2015-16 Operation & Maintenance
Expense per Student
$1,200

$1,011 $1,022
$1,000
$951
$905 $909 $920
$856 $872

$800
$746

$643
$601
$600

$400

$200

$-

Source: Minnesota Department of Education

 2015-16 General Fund Expenditures
(per ADM) on All Instruction
$10,000
$9,428

$9,000
$8,311 $8,342
$8,037
$8,000 $7,687 $7,731
$7,433 $7,567
$7,262
$6,980 $7,060
$7,000

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$-
 ADM/FTE Teachers
1 8 .6
1 7 .5
1 6 .5
1 5 .8 1 5 .8
1 5 .4
1 4 .2 1 4 .4 1 4 .4
1 3 .8 1 3 .9
Budget Year Budgeted Fund Balance

2017-18 $1,111,436

2018-19 $626,556

2019-20 -$128,006

2020-21 -$1,166,852
Budget Year Budgeted Fund Balance

2017-18 $1,111,436

2018-19 $1,531,632

2019-20 $1,672,652

2020-21 $1,522,019
 $750 Increase

Amount Per Pupil Unit Total Dollars

Referendum
Authorization 750.00 987,000.00

State Aid 286,594.36

Local Levy 700,405.64