School finance is categorical in nature. What this means is that different funds must be used for certain things. Two special revenue funds that Tri-Center utilizes are the Management fund and the Physical Plant and Equipment Levy.
One of the questions I've received is: "If the proposed Voted PPEL levy rate increases, how is it possible for my taxes to not increase?" This is a great question, so let me break it down below. Currently, the Tri-Center levy rates for 2017-18 are as follows: If the proposed Voted PPEL issue is passed on September 12th, the 2018-19 Special Revenue levy rates are estimated as follows: Notice the figures in red in the estimate above. The Management rate is reduced to .41677 while the Voted PPEL increases to 1.34. Based on the estimates above, there is overall decrease in levied funds and a decrease of the overall levy rate if the issue would pass on September 12th. This is achieved by lowering the levy rate on the Management fund, which is what the Tri-Center School Board is committed to doing. Tri-Center can better utilize the PPEL fund than the Management fund at this time and in the near future. If you have questions, please feel free to call me at 712-485-2257 or email ahuseman@tctrojans.org Thanks! Dr. Angela Huseman Superintendent, Tri-Center Community School District |