The Minneapolis Public Schools could ask residents for as much as a 9.7 percent levy increase on next year's tax bills, but school board member Carla Bates say it's unlikely.
The preliminary levy amount approved by the school board totals $179.4 million, a $15.6 million increase over the levy certified for 2011.
Residents will see the property tax increase on their "Truth in Taxation" notices this fall. But the final decision on the 2012 levy won't happen until the school board's Tuesday, Dec. 13 meeting.
The increase would cost the owner of a $150,000 home an extra $70 per year, $185 more per year for the owner of a $300,000 home and nearly $300 extra for the owner of a $450,000 home.
Though the actual amount taxed may be lower, the district is required to certify the maximum, said Sara Bratsch, finance director for the Minneapolis Public Schools.
Bates expects no change in the levy.
"The school board and superintendent understand that many residents continue to face financial hardships during these tough economic times and are committed to reducing the financial impact on taxpayers," a release from the school district's Office of Communications said.
Here's a copy of what the school board voted on:
