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Boistfort School District #234 Proposition No. 1

Replacement for Educational Programs and Operations LevyThe Board of Directors of Boistfort School District adopted Resolution No. 17/18-01 authorizing a renewal educational levy. To continue high quality academic programs that are eligible activities and not state funded, this proposition authorizes the District to levy the following excess taxes, on all taxable property within the District:Collection YearsApproximate Levy Rate/$1,000Assessed ValueLevy Amount2019$1.50$250,000 all as provided in Resolution No. 17/18-01 and subject to legal limits on levy amounts and rates at the time of levy.Explanatory StatementPassage of Proposition No. 1 would allow the levy of $250,000 in property taxes within Boistfort School District No. 234 for collection in 2019 to replace an expiring levy, on all taxable property within the District, to support the District's educational programs and operations. In accordance with Resolution No. 17/18-01 approving this proposition, these taxes would be collected for one year and deposited in the District's General Fund to pay part of the educational programs and operations support of the District. If authorized by the voters, and based on projected assessed valuation information, the estimated levy rate per $1,000 of assessed value would be $1.50 (for 2019 collection). The exact levy rate shall be adjusted based upon the actual assessed value of the property within the District at the time of the levy. In the event that a program is implemented that would increase State funding to the District, the District would, therefore, review and determine the need to roll back the levies.
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