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| The ABC school district has a taxable valuation of $117,623,718 and a budget enrollment of 622.8. The district's cost per pupil is $4,550. The Iowa income tax paid by the district's residents in the previous year totaled $1,031,001. The state assessed valuation per pupil is $190,000. The districts' taxable valuation per pupil is $188,863. The district board has approved a regular physical plant and equipment levy (PPEL) of 33 cents per thousand assessed valuations. The district does not currently have an instructional support program or a voted PPEL. |
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Print off the worksheet to the left before you begin to answer the following questions.
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- If the board would decide to approve an instructional support program, how many dollars would it generate for the current school year?
- What are the advantages and disadvantages in using the income surtax to fund the instructional support?
- If the ABC board desired to have an income surtax as part of the instructional support program which would raise approximately the same amount as property tax, what rate of income surtax would they have to institute?
- If the ABC patrons voted the maximum voted PPEL, how many dollars would it generate?
- If the school district passed the maximum instructional support program, what actual percentage would the school district receive after proration of state dollars?
- How many dollars are generated by the regular PPEL?
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Prepared by Prairie Lakes AEA |
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