Updated Tax Asking

During the process of setting a budget and the related tax asking, Iowa school boards had the unfortunate challenge of not knowing the allowable growth rate. We have now received final notification from the Department of Management using 2% allowable growth for the coming fiscal year. This also includes a new property tax replacement component that will be funded by state aid. For Alburnett, this Property Tax Replacement Payment (PTRP) will amount to a $9,289 adjustment of revenue to come from state aid instead of property tax. To summarize the impact of these changes, the breakdown of final tax asking for Alburnett is as follows:

Board Approved in March

General Fund Levy $15.92750

Voted PPEL               $0.67000

Board PPEL               $0.33000

Management Fund     $0.80493

Debt Service               $1.29076

Total                        $19.02319

Final

General Fund Levy $15.77009

Voted PPEL               $0.67000

Board PPEL               $0.33000

Management Fund     $0.80493

Debt Service               $1.29076

Final Total             $18.86578

The tax asking for the 2012-2013 school year was $18.05389. The final figures represent a $0.81 increase for the coming school year.

Thank you to Alburnett CSD patrons who have taken time to gather information and ask questions. We continue our work in the district to reduce ongoing expenditures and look forward to keeping you up to date on the impact of these changes as the new fiscal year begins.

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About Dani Trimble

Superintendent of Schools Alburnett School District
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