- Shakopee Public Schools
- Capital Projects Renewal
- Ballot Question
Ballot Question
Yes/No Ballot Question
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BY VOTING “YES” ON THIS BALLOT QUESTION, YOU ARE VOTING TO RENEW AN EXISTING CAPITAL PROJECTS REFERENDUM THAT IS SCHEDULED TO EXPIRE.
How Will This Affect Property Taxes?
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The levy renewal will be accomplished with no tax rate increase to property owners as a whole, and no tax rate increase for any specific type of property ownership. If approved, the levy authorization at the current tax rate of 5.837584 percent (net tax capacity of the school district) will fund approximately $6,215,800 the first year of the ten-year renewal (2026-27 school year through the 2035-36 school year).
Calculate your tax impact by accessing an online tax calculator provided by PMA Securities, LLC linked here.
SCHOOL DISTRICT QUESTION ONE
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Every taxpayer in the district receives a sample ballot mailed to their address in the fall (2024).
There will be one question on the November 5, 2024 ballot related to the renewal of the expiring Safety & Technology (Capital Projects) Levy. The question, as illustrated in the ballot, will be as follows:
RENEWAL OF EXPIRING CAPITAL PROJECTS LEVY AUTHORIZATION
The Board of Independent School District No. 720 (Shakopee Public Schools) has proposed to renew its existing capital project levy authorization of 5.837584% times the net tax capacity of the school district, which is scheduled to expire after taxes payable in 2025. The proposed tax rate is not being increased from the previous year’s rate. The money raised by the authorization will provide funds for the acquisition and maintenance of technology and technology systems, and to pay the costs of technology-related personnel and training. The renewed capital levy authorization will raise approximately $6,215,800 for taxes payable in 2026, the first year it is to be levied, and would be authorized for ten (10) years. The estimated total cost of the projects to be funded over that time period is approximately $62,158,000.
Shall the renewal of the Capital Projects Levy Authorization by the Board of Independent School District No. 720 be approved?
The per pupil amount of the Capital Projects Levy is the same as the amount expiring, or for an expiring referendum that was adjusted annually by the rate of inflation, the same as the per-pupil amount of the expiring referendum, adjusted annually for inflation in the same manner as if the expiring referendum had continued. The term of the renewed referendum is no longer than the initial term approved by the voters in 2015.
