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Lanesboro School Board approves levy and budget

Fri, Dec 16th, 2011
Posted in Education

The Lanesboro School Board approved the budget and levy for 2012 during their regular meeting on December 15. Superintendent Jeff Boggs went over the levy certification with the board and explained the different places the school's funds come from.

Boggs said most of the school's money comes from the state, as they take property taxes from all over the state and distribute the money to schools. Another source is from state aid property tax credits, and a third source is property tax levies.

According to Boggs, the aid coming from the state has decreased every year. This year the aid coming in is $53,336.61, which is down $10,000 from last year. The total levy approved was $464,996.08, making the revenue total $518,332.

The budget was approved with a deficit of $774,969.00. Boggs explained the district has reserves they can use if they need. This is also the first year with the operating referendum. Boggs said the percentage of schools in the state with a referendum is very high, and Lanesboro and possibly Spring Grove are the only schools in Fillmore County without one.

Board member Steve Snyder asked if they have to wait a certain amount of time before asking for another referendum. Boggs said they would have plenty of time to go to the voters if needed, but he thinks the reserves will help them out.

The projected revenue in the 2012 budget is $3,627,363.00. Expenditures are set at $4,402,332.00. Boggs said he likes to estimate low on revenues and high on expenditures to be on the safe side. The revenues are $525,000 less than 2011. Part of the reason is fewer students, and some of that is less Special Ed. Money, although Boggs is not sure the reason for that.

"There are many factors for the decrease," said Boggs.

The board also wanted to congratulate Greg Hanson for scoring 1,000 points in boys' basketball.

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