Next Loyal referendum talks will start soon
The Loyal School District Board of Education in the next few months will start discussions on another possible revenue cap exemption referendum, with a public vote on allowing higher school taxes to come as early as April or November of 2018. With the district’s current 5-year cap exemption set to run out after the 2018-19 school year, the Board is looking to get a head start on the election process so it doesn’t find itself in a bind if another referendum doesn’t pass.
Loyal voters in November 2014 — on a 668-535 count — authorized the district to exceed the revenue limit by $395,000 per year, from 2015-16 to 2018-19, and by $195,000 in 2014-15. That amount was needed at the time, the Board determined, to meet the district’s bills without cutting programs. That amount has been sufficient to allow the district to operate on a balanced budget, or even with a modest surplus in the first years of the referendum.
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