NEW ULM - The District 88 Board of Education Thursday approved the preliminary local tax levy payable in 2013.
The board approved the maximum amount allowed by law, which is $4,876,133.
The levy is down 2.14 percent from last year's levy.
Changes in state formulas, tax capacity and other factors determine the levy.
The general-fund (operating) levy is down $111,595, or 3.48 percent from last year, due to a decrease in funds for health and safety levy and some other factors.
An increase in net tax capacity resulted in an increase in the community service levy, by $11,076 or 5.14 percent. This will primarily affect early childhood and family education.
The levy amount may change after county auditor adjustments.
The board approved the refinancing of $2,110,000 in general obligation school building bonds issued in 2006.
The move will result in net savings of about $175,000 in future debt redemption costs and allow the bonds to be redeemed a year early, in 2016, according to Business Manager Myrna Meunier.
Report on curriculum, instruction and student achievement
The board officially approved an annually-mandated report on curriculum, instruction and student achievement.
The report sums up previously published data, including results on ACT college readiness tests, Minnesota Comprehensive Assessments (MCA) tests and Multiple Measurement Rating (MMR) data.
MMR is a new system that grades schools on student proficiency and growth, graduation rates, and how well schools do on closing an achievement gap between the majority and special student groups (low-income, ethnic minorities, special education and English language learners).
The annual report also lists district goals, variances granted to teachers to teach outside their license area, curriculum reviews by subject area and a curriculum review calendar.
The full report is published on the district's web site after board approval.