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SCHOOL DISTRICT 831 - Question No. 1
Shall the increase in revenue proposed by the board of Independent School District No. 831 be approved?
The Board of Independent School District No. 831, Forest Lake, has proposed to replace the existing referendum authority of $318.19 per resident marginal cost pupil unit, which will cease to exist in 2002, with a new authorization of $650.00 per resident marginal cost pupil unit. The revenue will be used to finance school operations. The property tax portion of the revenue will require an estimated referendum tax rate of approximately 0.21412% of the referendum market value of all taxable property in the District for taxes payable in 2002, the first year it is to be levied. The proposed referendum revenue authorization would be applicable for five years unless otherwise revoked or reduced as provided by law.
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