The tax increase would be used to pay for a new $65 million high school. If the referendum is approved, home owners should expect to see their property taxes go up by about $126 a year.
House and Senate vote to use reserve fund to pay state debt to schools
Both the House and Senate approved Republican-backed bills to pay off Minnesota's debt to its schools by drawing down the reserve fund. But Governor Dayton is not a fan of the idea. Dayton and other DFLers think it would leave the reserve fund too depleted.