The Winona Area Public Schools (WAPS) board meeting on Thursday will require action regarding the proposed 2014 tax levy and the sale of capital facility bonds.
The proposed 2013 payable 2014 property tax levy is expected to be reduced by approximately half a percent from this year, according to Dan Pyan, fiscal affairs director. Last year the levy was $11,778,000; the estimate of this year’s levy is $11,710,000, about $68,000 less. The Minnesota Department of Education dictates how much the district may collect in property taxes, beyond the local voter-approved levy. The vote Thursday will set the preliminary levy figure, and a final vote on next year’s budget is expected in December.
The School Board will also be asked to vote on the sale of capital facility bonds to fund $2.14 million in energy improvements. The board members will be briefed on what the sale of capital facility bonds would entail.
The decisions made on both of these proposals will ultimately affect future budgets for District 861.