Due to less than expected state funds for education, and uncertainty surrounding federal money, the Sioux Falls School District is looking to bring in some more cash. A group made of community members and school officials made the recommendation for the opt-out last month. Superintendent Brian Maher says the money will go towards salaries in the district and says now is a good time for the opt-out.
"We are seeing some property tax relief this particular year, and in this particular year we could raise probably around $5 million without raising taxes," Maher said.
If the vote passes Monday night, homeowners would start footing the bill in 2018. For each increase of a million dollars included the opt-out, homeowners would pay an extra 6 cents for every $1,000 of their property value. Business Manager Todd Vik says the board doesn't have a plan to ask for all $5 million in 2018 and will determine how much is needed on a yearly basis.
"You set a budget and hopefully you come in better than you plan. Hopefully, your expenses are lower and your revenues are higher. That doesn't always happen, but when that does happen then we reset our budget going forward, and every year we can adjust that amount," Vik said.
It's a conversation that is getting some attention, but Maher says it's one the district didn't take lightly.
"What does that tax bill look like over time? I think the school district, over time, has been a real good steward of taxpayer money," Maher said.
The meeting is set to get underway at 5:30 at the Instructional Planning Center. The public is welcome to come and talk about the opt-out.
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A vote could affect your property tax numbers if you live in Sioux Falls. At Monday's School Board Meeting, board members will vote on a recommendation to opt out of local property limits. The move would bring in an extra $5 million to the district for the next 10 years.