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Use of HB-292 "Tax Relief Funds"
Bonds
Supplemental Levies
Plant Facilities Money
*(Expect to see an increase in HB292 because no longer have lottery or Bond Equalization Money).
Use of HB-521 "School Facilities"
Use to repair, maintain, or construct new etc.
$4.4 Million over 10 Years
Lump Sum or Annual Distribution
If Annual is chosen then, District must pay down additional tax debt (Bonds, Levies First)
Use of HB-521 "School Facilities"
Must File a 10 Year Plan
August Election Day Taken Away
Bond Equalization & Lottery Monies Gone
Governor Appoints Executive Officer to State Board of Education
4- or 5-Day School Week Provision to Access Funds
4 Day Weeks Must Meet Minimum Day and Hours (not set till Aug. 1, 2024)
MVSD's Dollar Amount Close to 4.4 Million for 10 Years.
Remember No Lottery Money! (currently $150,000 a year goes away)
This needs to meet all building needs for the next 10 years (2034)