Revenue Purpose Statement for Expenditure of State Sales Tax School Board Presentation August 10, 2015
What is the Revenue Purpose Statement?
• On September 8, MCSD school patrons will have an
opportunity to vote to continue the Revenue Purpose Statement (RPS). The current statement expires in 2019.
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The Revenue Purpose Statement directs how the revenues from the state penny sales tax for the school district will be spent.
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The state penny sales tax revenues are allocated by enrollment numbers.
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It allows the district to use the general fund money for classrooms and students.
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It can only be used for school infrastructure or property tax relief as defined in Iowa Code.
| Revenue Purpose Statement FAQ's | August 10, 2015
What the RPS is NOT…
• It does NOT raise local taxes. u
The Revenue Purpose Statement directs the district in how to spend the revenue from the state penny sales tax.
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It is not a new tax. The State of Iowa levies this tax regardless of the Revenue Purpose Statement.
• It cannot be used for salaries. u
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Iowa Code defines specifically how the revenues from the state penny sales tax can be used.
| Revenue Purpose Statement FAQ's | August 10, 2015
What Are Some Uses from the MCSD Revenue Purpose Statement? • Construction, reconstruction, repair, and demolition work (not maintenance-type repair)
• Purchasing or remodeling of schoolhouses, stadiums, gyms, fieldhouses, and bus garages
• Procurement of schoolhouse construction sites and the making of site improvements.
• Purchase and improvement of grounds. • Technology. • Purchase of school buses.
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| Revenue Purpose Statement FAQ's | August 10, 2015
How Has MCSD Used the Revenue? • Jefferson Elementary Construction Project • MHS Construction Project • 1 to 1 Technology Project
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| Revenue Purpose Statement FAQ's | August 10, 2015
What Will Be on the Ballot
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| Revenue Purpose Statement FAQ's | August 10, 2015
