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March10

School Finance Explained: Fund Balances

Each month in The Bulletin, ASBSD Chief Financial Officer Bill Lynch will explain a piece from the school finance puzzle.   What is your district’s Fund Balance and why do you need it?   Can you answer those questions?   This is one of the questions floating around the Capitol again.  The amount of money
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February24

Levy bill leaves House bound for Senate

Members of the House of Representatives passed the annual Cutler-Gabriel adjustment that sets the property tax levies for a school district’s general fund on Monday.   On a 69-0 vote, Representatives sent House Bill 1085 across the hall to the Senate.   Rep. David Lust said the bill is “a vehicle bill more or less,”
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February23

Levy expansion bill falls

An option offering flexibility for schools to offset the rising healthcare costs failed to gain traction in the Senate Taxation committee.   Committee members voted 5-2 to kill House Bill 1218, which would have authorized a school district to use certain tax levies for pension and health insurance purposes.   ASBSD supported the bill.  
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February19

Three percent bill through Senate

South Dakota Senators showed their support for the three percent increase proposed by Gov. Dennis Daugaard with unanimous passage of Senate Bill 37.   The bill that supplies school districts with the proposed three percent funding increase, which would set the per-student allocation at $4,764 for the 2014-15 school year.   In addition to providing
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February14

Comm. has other plans for other revenue bill

A week after action was deferred, House Bill 1205’s fate was decided in House Taxation.   The committee chose to kill the bill, which called for the creation of the school district tax revenue fund to equalize dollars from revenue collected by school districts from the bank franchise tax, wind energy tax, and gross receipts
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February14

No new property tax class

There will be no new property tax classification for South Dakota.   Members of the Senate State Affairs committee voted 7-2 to kill House Bill 1086, which created a new tax levy for a school district’s general fund for leased property. The premise of the bill had a similar fate in a Senate committee last
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February12

Proposed pension levy expansion passes committee, House

An option that may help with the rising health insurance costs school districts are facing may be coming.   On Monday, House Taxation committee members voted 9-6 to pass House Bill 1218, which authorizes a school district to use certain tax levies for pension and health insurance purposes. The bill would not increase the levy,
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February09

Other revenue decision waits for another day

Members of the House Taxation committee needed more time to mull over the potential effects of a bill that would equalize certain forms of other revenue received by school districts.   The committee opted to defer action on House Bill 1205 after a close vote (7-8) to kill the bill failed. House Taxation is scheduled
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February05

Leased property bill leaves House bound for Senate

Just like last year, only with a handful of fewer votes, the House of Representatives passed a bill that would create a new tax levy for a school district’s general fund for leased property.   On a 49-20 vote, Representatives sent House Bill 1086 to the Senate. A similar version of the bill passed the
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January31

Debate on new tax class continues

A proposed fourth property tax classification passed the House Taxation committee on a 12-3 vote on Thursday.   House Bill 1086 would create a new tax levy for a school district’s general fund for leased property; removing it from the commercial levy. Agricultural and owner-occupied property classifications round out the four taxable levies.   The
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