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SCHOOL DISTRICT 728 - Question No. 1
Shall the increase in revenue proposed by the board of Independent School District No. 728 be approved?
Shall the increase in revenue proposed by the board of Independent School District No. 728 be approved? The board of Independent School District No. 728 (Elk River Area School District), has proposed to increase its general education revenue by $526.75 per resident marginal cost pupil unit. The additional revenue will be used to finance school operations and the property tax portion thereof will require an estimated referendum tax rate of approximately 0.17736% of the referendum market value of the school district for taxes payable in 2002, the first year the authorization is to be levied. The proposed referendum revenue authorization would be applicable for ten years unless otherwise revoked or reduced as provide by law.
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