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Long-Term Facility Maintenance (LTFM) Equalized Levy Webinar Now Available

By June 15, 2015 No Comments

More than 80 member superintendents and business managers joined on online meeting June 29 to learn about new levy legislation passed during the MN Legislature 2015 Special Session. MREA hosted the session on the new Long-Term Facility Maintenance (LTFM) board-authorized equalized levy.

The meeting featured a great lineup of experts:

  • Tom Melcher, MDE School Finance Division
  • Greg Crowe, Ehlers, Inc.
  • Mike Hoheisel, Robert W. Baird & Co., Inc.

In addition to LTFM, the meeting addressed Local Optional Revenue (LOR) with its effect of increasing the cap for equalized voter-approved referendums.

If you missed the meeting or need a refresher, get the information here:

View the webinar recording (starts at Tom Melcher’s presentation with slide 10).

View the Powerpoint presentation.

Read the webinar FAQs.

Melcher provided projected facilities revenue for FY17–19.  FY19 is slightly different than what was published earlier:

Melcher cautioned that these projections include many assumptions. However, until his department develops a tool to help districts achieve more precise estimates, these will provide a general sense of revenues available.