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Meeting Date:
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10/26/2023 - 5:30 PM
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Category:
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Reports and Communications from the Board Clerk/Chief Officer, Office of Board Governance
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Type:
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Info
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Subject:
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1. Monthly Report, with Possible Action, on Legislative Activities Affecting MPS
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Strategic Plan Compatibility Statement:
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Goal 1 Academic Achievement Goal 2 Student, Family and Community Engagement Goal 3 Effective and Efficient Operations
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Attachments
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School Levy Credit background, Blue Ribbon fiscal update, State balance of $8.87 billion
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File Attachment:
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Background:
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The State is now sitting on an overall balance of $8.87 billion as it continues to dramatically underfund its own recommendations to support English learners, students with disabilities and students challenged by poverty. The fiscal update of the Blue Ribbon Commission on K-12 Education recommendations clarifies the amounts needed for the state to come into compliance with support for students in these areas.
The attached school levy tax credit disclosure notice from 2022 demonstrates and clarifies the amount that the annual school levy was reduced or offset for the property taxes of 2022 - $51.6 million. It is anticipated that the 2023 levy credit will further reduce the property tax impact by an estimated 27%.
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Fiscal Impact Statement:
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This item does not authorize expenditures.
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Implementation and Assessment Plan
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The district will continue to pursue appropriate support for students as part of the MPS Legislative Agenda.
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Chris Thiel - Legislative Policy Specialist
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Signed By:
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
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