Minneapolis Public Schools will collect fewer property tax dollars in 2021 than in 2020, officials have announced.
The district’s 2021 levy, which will raise funds for the 2021-22 school year, will be at least 3.8% lower than the district’s 2020 levy of $232 million. Despite the decrease, it still will be the maximum levy allowed by the state.
The district’s property-tax levy covers everything from salaries to building projects and technology purchases. In 2018, Minneapolis voters approved an eight-year reauthorization of the levy that increased it to the maximum amount allowed by the state.
A large reason for the decrease in 2021 is because of decreasing enrollment. Another reason is because the district did not use all of the funds it raised from a 2014 bond sale.
In the coming months, district leaders will begin crafting their 2021-22 budget. They’re planning to present the board with a first look at the 2021-22 budget next month.
The district’s levy represents about 17%-20% of the overall tax levy in Minneapolis.