Revenue could increase by $200,000 at school
The New York Mills School District will see an increase in revenue starting in 2015-16 school year. Depending on the number of students enrolled, the school could potentially see $200,000 in additional revenue.
The change comes because of new Minnesota legislation. With the new law, the state will give schools additional revenue, if local taxpayers take on a portion too. Specifically the state to local ratio is 66 to 33, respectively.
Yes, this does mean local taxpayers will see an increase on their property taxes next year. However, the hit won’t be as big, because in the same meeting last week, the board moved on another matter that decreases taxes. read entire story. . . .