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Fillmore Central to bond for retiree benefits


Fri, Oct 31st, 2008
Posted in Education

PRESTON - The Fillmore Central School Board passed a resolution to set the sale of OPEB (Other Post Employment Benefits) Bonds at its October 28 meeting. The bonds will be used to pay for retirees' health insurance for the next 20 years. The 2008 Minnesota legislature passed legislation allowing school districts to pay off the bonds through a local tax levy.

Fillmore Central is currently paying, on average, $50,000 a year out of the General Fund for these benefits. Post-employment health insurance is no longer offered to new employees, and it is estimated the district has another 20 years of paying for its retiree obligation. Bonding for the amount will free up money from the General Fund.

Superintendent Myrna Luehmann said that an actuarial study determined that the district's retiree benefit obligation was $1.18 million over 20 years.

One concern at the meeting was that the legislature might change the law when it re-convenes.

"I think we have a short window to do this," said board member Ron Stevens. Stevens said that he had spoken with one legislature who said the law might be revoked as the state faces a more than $2 million deficit.

"This allows us to generate revenue we may not get any other way," said board member John Torgrimson. "But there's no question, it is going to raise taxes."

Stevens added that taxes could be raised anyway. "If the state freezes us the next two years, then what do we do?"

Board member Deb Ristau was concerned about bonding for the total amount. "I would rather do some of the funds this way, and with the rest, run a referendum and let the people vote on it."

"I think that setting up this payment plan instead of pulling out of our general fund is a good choice for our district," said Sue Ostrom.

The tax impact on a $100,000 home would be $24 per year. The impact on one acre of Ag land would be 50¢ per acre.

The board approved proceeding with bonding, with Deb Ristau voting in opposition. The district has the right to reject the bonds if they come in at a higher rate than anticipated.

District Property

Fillmore County Recorder Dave Kiehne was at the board meeting to explain some property that was recently discovered to belong to the school district.

There has been some confusion about who owns a piece of land that the Boy Scouts are currently using for camping near Preston. Kiehne found that there is a once-acre piece t .....
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Students celebrate healthy choices during Red Ribbon Week

Fri, Oct 31st, 2008
Posted in Education

A swarm of kids dressed from head-to-toe in red flooded the halls at Fillmore Central last Wednesday. Fortunately, it's not a crazy new style trend or due to a mishap in the cafeteria; the students were in the midst of a week long celebration called ..... 
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Rushford-Peterson studies district goals

Fri, Oct 24th, 2008
Posted in Education

RUSHFORD - Darwin Viker of Larson Allen Weishair gave his annual auditor's report to the Rushford-Peterson school board prior to their monthly meeting last Monday.

Not surprisingly, Viker recommends caution in spending over the next several ..... 
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Kingsland board challenged on jersey issue

Fri, Oct 24th, 2008
Posted in Education

WYKOFF - The Public Comment period of the Monday, October 20 Kingsland School Board meeting period brought forward concerns from family and friends of the retirement of the football jersey number 28 previously worn by Dustin Atwood before his tragic ..... 
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FC Knowledge Bowl teams known for "kicking brain"

Fri, Oct 3rd, 2008
Posted in Education

Not every team at Fillmore Central has to deal with wild fans and sweaty gym bags; the Fillmore Central Knowledge Bowl teams don't need much to succeed in "kicking brain".

Knowledge Bowl is a trivia competition where three teams of five comp ..... 
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Fillmore Central gives preliminary go ahead to bond for retiree benefits

Fri, Sep 26th, 2008
Posted in Education

Jim Schmidt from Springsted spoke to the Fillmore Central School Board at their Tuesday, September 23 meeting, about bonding for Other Post Employment Benefits (OPEB). State legislation allows for school districts to bond to pay for retiree benefits ..... 
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Lanesboro School makes plans to improve math scores

Fri, Sep 19th, 2008
Posted in Education

School is in session and it would appear all is running smoothly because the Lanesboro School Board met with a short and efficient agenda on September 18th.

The annual report on curriculum, instruction and student performance was discussed. ..... 
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R-P board approves levy increase of 9 percent

Fri, Sep 19th, 2008
Posted in Education

Rushford - The Rushford-Peterson school board approved a levy increase for 2008, payable 2009, of 9% or approximately $72,000.

The increase comes about through increases in general expenses and community education, according to superintenden ..... 
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Kingsland School Board discusses 2009 levy

Fri, Sep 19th, 2008
Posted in Education

The Kingsland School Board met on the evening of Thursday September 11 and took several agenda items under advisement.

The main item was the Board certifying the Proposed Property

Tax Levy for Payable 2009. The actual dollar amount ..... 
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