Revenue Purpose Statement
The North Polk Board of Education is calling for an election on November 5, 2019, to ask the community to consider the approval of an updated Revenue Purpose Statement which outlines how the district utilizes Secure an Advanced Vision of Education (SAVE) funds. More commonly referred to as the penny sales tax, SAVE funds are utilized by districts to specifically support school infrastructure and technology needs. If voters approve the Revenue Purpose Statement in November, North Polk will continue to be able to spend SAVE funds as Iowa law allows for the duration of the penny sales tax.
No, this will not raise taxes. Approving the Revenue Purpose Statement will allow the district to access future SAVE funds, but it will not change the current sales tax rate. The penny sales tax that funds SAVE will be collected across the state regardless of whether or not this measure is approved. This vote is in regards to how the district utilizes these funds.
The SAVE Fund has funded many key infrastructure and technology projects in the district, including:
- Construction of North Polk High School, in conjunction with general obligation bonds
- Renovations and additions at North Polk Middle School and West Elementary, in conjunction with general obligation bonds and PPEL note
- Technology infrastructure improvements, as well as student and staff technology devices
- Construction of the outdoor activities facility and tennis courts
- Addition of a wastewater treatment facility for Alleman campus
- Roof repairs to school facilities
The Revenue Purpose Statement specifies the use of revenues North Polk will receive from the State of Iowa Secure an Advanced Vision for Education (SAVE) Fund.
In short, highlights of the Revenue Purpose Statement include funds to:
- Build and furnish a new school building or buildings
- Remodel, reconstruct, repair, expand, and improve school buildings
- Acquire or install information technology infrastructure, school safety, and security infrastructure
- And more!
The election is set for November 5, 2019. A simple majority (50% + 1) is needed for the Revenue Purpose Statement to pass.