Stillwater Area Public Schools Approves Levy Increase for Local School Projects
What happened
Stillwater Area Public Schools approved a nearly 3% increase to the district’s levy, totaling $68.4 million, which will be payable in 2027. This funding is designated for large projects, including the construction of new elementary schools in Lake Elmo and Bayport.
From hometownsource.com
Why it matters
The levy funds make up nearly 30% of the district’s general fund. The district’s chief financial officer stated that despite the overall levy increase, property taxes are likely to see a slight decrease, potentially a negative 1.1%, if property values remain stable.
From hometownsource.com
Who's involved
- Lake ElmoCity receiving shared funding for a new elementary school
- BayportCity receiving shared funding for a new elementary school
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lake ElmoSpeculative
Local construction and service industries might see increased contracts due to the new elementary school
- BayportSpeculative
Local construction and service industries might see increased contracts due to the new elementary school
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The entities involved
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Bayport
city in Washington County, Minnesota, United States
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