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The Billion Dollar District

Posted in: Blog, Financial by Tim Husnik on November 28, 2009

I’ve recently come to the conclusion that facebook is not the best spot to commentate on the happenings inside District 621 (Mounds View Schools). As such I have launched this blog in which I intend to publish commentary on board meetings, video blogs, community member articles, and anything else that folks express an interest in.

Fun Fact of the Day: The Mounds View School District spends 1 BILLION dollars every 8 years!
Details: The district spends ~$135 Million dollars a year. This is more than 2 times the combined annual revenue of the following cities: Shoreview (~21M), Mounds View (~14M), New Brighton (~13M), and Arden Hills (~10M).
How does it get all this money? One way is through taxes collected from every resident of the Mounds View School District.
Let me illustrate how the district impacts your property taxes. This data was collected from the Shoreview 2009 budget guide. In Shoreview if you owned a home valued at $276k, your annual property tax bill would be ~$3,200. This is very close to the value of my own house in Shoreview and real close what I pay each year in taxes.
The $3,200 tax dollars get split like this:
Ramsey County: $1,200
Mounds View School District: $1,100 (~500 voter approved levies, ~600 non-levy)
City of Shoreview: $700
All Else: $200
The revenue the district collects from property taxes is about $41 million of the $135 million total budget (2010 data).
Enjoy my blog! I welcome folks to email me additional stories which I will publish in your name or confidentially depending on your preference.
~Tim Husnik

I’ve recently come to the conclusion that facebook is not the best spot to commentate on the happenings inside District 621 (Mounds View Schools). As such I have launched this blog in which I intend to publish commentary on board meetings, video blogs, community member articles, and anything else that folks express an interest in.

Fun Fact of the Day: The Mounds View School District spends 1 BILLION dollars every 8 years!

Details: The district spends ~$135 Million dollars a year. This is more than 2 times the combined annual revenue of the following cities: Shoreview (~21M), Mounds View (~14M), New Brighton (~13M), and Arden Hills (~10M).

How does it get all this money? One way is through taxes collected from every resident of the Mounds View School District.

Let me illustrate how the district impacts your property taxes. This data was collected from the Shoreview 2009 budget guide. In Shoreview if you owned a home valued at $276k, your annual property tax bill would be ~$3,200. This is very close to the value of my own house in Shoreview and real close what I pay each year in taxes.

The $3,200 tax dollars get split like this:
Ramsey County: $1,200
Mounds View School District: $1,100 (~500 voter approved levies, ~600 non-levy)
City of Shoreview: $700
All Else: $200

The revenue the district collects from property taxes is about $41 million of the $135 million total budget (2010 data).

Enjoy my blog! I welcome folks to email me additional stories which I will publish in your name or confidentially depending on your preference.

~Tim Husnik