At the April 2, 2007 Board of Education meeting, Linn-Mar School Board Members voted to increase the property tax levy for the upcoming fiscal year by .57.  This was primarily due to the increased enrollment of over 400 students for the 2006-07 school year. 

The Board discussed the different levies that make up the total property tax levy and the District’s FY08 budget needs at regular Board meetings on February 26 and March 12, 2007 in preparation for the final budget approval in April.  As a result of the discussions, approximately $1.5 million of the SILO Sales Tax revenue was committed to lower the Debt Service Levy.  Prior to the SILO election in February 2007, the Board had stated that at least $1 million annually for ten years would be set aside to keep the Debt Service Levy at the rate it was ($2.97) prior to the bond referendum in January, 2006.  In addition to using SILO Sales Tax revenue to lower the Debt Service Levy, the Board agreed to lower the Management Levy fund by $0.15 and reduce the Public Education and Recreation Levy (PERL) by $0.10.  The Board took this action with the additional revenue from the anticipated September 2007 SILO revenue to reduce the total property tax levy originally sought by administration to cover the cost of additional staffing required by the opening of Linn Grove Elementary in the Fall of 2007 and the increased enrollment.