The district’s operating levy expires if not renewed by voters this fall. A failed referendum would result in $11 million in district budget cuts.
Funding amounts discussed at previous school board meetings include:
- A straight renewal. The district currently gets $1,012 per pupil or about $11 million, about 20 percent of the district’s general operating fund. That $11 million would be cut from the district across the board if the operating levy is not renewed in November. The district currently faces $4 to District officials said $6 million would still have to be cut from the budget cuts if the current operating levy is renewed.
- The other two options that would cause a tax increase and have been discussed at past meetings include:
- A half-cap funding option that stands at $1,333 per pupil. It would provide an additional $3.5 million to the district each year. This option would cost the owner of a $200,000 home a total monthly property tax increase of $8.27 or about $99 a year.
- Option three is a three-quarter funding cap option that would stand at $1,494 per pupil. It would give the district $4 million more per year. This option would cost the owner of $200,000 home a total monthly property tax increase of $12.41 or $149 a year.
The new strategic plan district officials hopes to implement if the levy renewal passes would cost $14.6 million. A bond referendum for proposed school security measures is also being considered for the November ballot. It would cost $3 million and could be rolled into the ballot question.
The number of questions that would be included on a November ballot will also be determined at Thursday’s meeting. Board members will discuss the levy at their 5:30 p.m. learning session. Action on the levy will be taken at the 7 p.m. meeting. Both meetings are at Stillwater City Hall.
The business meeting also includes presentations on board governance policy changes, insurance renewal rates and the new strategic plan action plan.