WEM Board approves levy with 1.1% increase

By: 
Jay Schneider, lrlife@frontiernet.net

The WEM Board of Education approved a slight increase to the school district’s levy for the 2022 pay year.

The board adopted a proposed levy in September based on the limits set by the Minnesota Legislature. The increase in levy is due to an increase in debt service.

But according to Business Manager Margaret Jewison, county assessors determine estimated market values for each parcel of property in the WEM School District.

The Minnesota Legislature sets the formulas for tax capacity and market value, which determine how much of the tax burden is allocated to different types of property. The county auditor then divides the final levy by the tax capacity to determine the tax rate needed to raise the approved levy amount.

The referendum operating levy (funds used to support classroom instruction) was approved by voters in November of 2015 and applies to property taxes to be paid from 2016 to 2025. The taxes paid will generate revenue for the district through the 2025-26 school year.

The building levy (funds used for major renovations and new construction) was approved by voters in November of 2018 which will be applied to property taxes to be paid from 2019 to 2038. The taxes generated will be used to repay bonds sold on January 30, 2019 for the most recent building project.

The proposed levy will see an...

To see more on this story pick up the December 30, 2021 print edition of the LifeEnterprise. 

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