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SCHOOL DISTRICT QUESTION 1 (SSD #1)
Revoking Existing Technology Capital Project Levy Authorization; Approving New Authorization
The board of Special School District No. 1 (Minneapolis Public Schools) has proposed to revoke the School District's existing capital project levy (also known as the tech levy) authorization in the amount of 2.249% times the net tax capacity of the School District and to replace that authorization with a new capital project levy authorization in the amount of 4. 728% times the net tax capacity of the School District. The proposed capital project levy authorization will raise approximately $38,142,202 for taxes payable in 2025, and would be authorized for ten (10) years. A portion of this new authorization will replace the school district's existing authorization of $18,142,202 for taxes payable in 2025, which is scheduled to expire after taxes payable in 2025. The estimated total cost of the projects to be funded over that time period is approximately $381,422,020. The revenue from the proposed capital levy authorization will provide funds for the purchase, installation, and maintenance of technology systems, technology equipment, technology infrastructure and security, and technology support staffing. Shall the existing capital project levy authorization be revoked and the new capital project levy authorization proposed by the board of Special School District No. 1 (Minneapolis Public Schools) be approved?
BY VOTING "YES" ON THIS BALLOT QUESTION, YOU ARE VOTING FOR A PROPERTY TAX INCREASE.
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