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A Strategic Plan for Minneapolis Public Schools 2014-2020.

2016 Fiscal Year Levy Proposal


Finance Division
Board of Education Meeting
September 23, 2014
A Strategic Plan for Minneapolis Public Schools 2014-2020.

The purpose of the levy is
to fund and support key
operational needs and
new capital efforts
Select FY 2016 Needs
School Renovation Projects
Teacher Retirement Fund and
Minneapolis Employee
Retirement Fund
Adult Basic Education and
Early Childhood programming
Funds for Police Liaisons,
Drug Prevention and Gang
Resistance education
program
Debt service on bonds

A Strategic Plan for Minneapolis Public Schools 2014-2020.

One of the highlights of the proposed funding for FY
2016 is updating six facilities for our students
The updates provide our students with the tools they need
to succeed
In conjunction with Acceleration, these efforts support our
commitment to college and career readiness for each
student in our care
Its time to take bold action to support our students; they
deserve and can achieve more
A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

SANFORD
A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

SANFORD
A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

A Strategic Plan for Minneapolis Public Schools 2014-2020.

FY15- Board approved a flat
levy

*FY16 MPS Finance
Committee is proposing a
maximum 4.5 percent increase
A Strategic Plan for Minneapolis Public Schools 2014-2020.

Recommendations are based upon preliminary levy
projections and increase this year to allow for this
important capital expansion of $155M

If the maximum levy increase is set at 4.5% to $179.6M
homeowners would see moderate increase based on
the market values of their homes:
$150K value increase tax by $2.18 monthly or $26.19 per year
$300K value increase tax by $5.01 monthly or $60.10 per year
$450K value increase tax by $7.78 monthly or $93.33 per year

A Strategic Plan for Minneapolis Public Schools 2014-2020.

Approval Process for 2016 Levy

Levy Recommendations
Approval of
maximum levy
Community
Meetings
BOE approval
and
certification
Our role today

A Strategic Plan for Minneapolis Public Schools 2014-2020.

We ask that you support the preliminary
recommendation of a maximum increase
of 4.5 percent to allow for planning of all
expansion plans and ongoing capital
needs.

Final levy numbers will be established over
the coming months and approved by the
Board of Education.

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