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SCHOOL DISTRICT 720 - Question No. 1
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE. Revocation of existing referendum revenue authorization; approval of new authorization. The board of Independent School District No. 720 (Shakopee), has proposed to revoke its existing referendum revenue authorization and to replace that authorization with a new authorization that would increase its general education revenue by $579 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 .1669% of the referendum market value of the school district for taxes payable in 2002, the first year it is to be levied. The proposed referendum revenue authorization would be applicable for six years unless otherwise revoked or reduced as provided by law. Shall the school district's existing referendum revenue authorization be revoked and the increase in the revenue proposed by the board of independent school district no. 720 be approved?
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