Minnesota Could Put Property Tax Rise to Voters

Minnesota can be raised Property taxes The population where local educational areas are looking for additional financing.

Within the state, 45 classes of the local teachers union continued to obtain additional financial support, according to Minnesota. This is three times the usual number at this stage of the year.

Why do it matter

Over the past few years, the increasing property taxes have contributed The crisis of the ability to cost housing at the country level.

Redfin reported that between 2019 and 2024, property tax bills increased in almost every American urban area. At the level of the country, real estate taxes increased by almost 30 percent during the same time period, reaching a monthly average of $ 250.

What do you know

In front of the educational areas of Minnesota until August to decide on financing requests that could appear in the voting cards in the elections this fall.

“I can guarantee that every teacher volunteers in a referendum campaign in this fall prefers to focus completely on their students, but our schools are now at the mercy of the forces outside their control,” said President of Minnesota Dennis Spitt. the Minnesota Star Tribune.

In the St. Paul School area, teachers are considering a polling proposal, which is requesting up to $ 37 million annually. Marshall and St. Michael Albeerville are also studying funding requests, despite their history of the lack of all voters ’dollars in public schools.

In Crosby-Yaronton, voters may be required to pay an additional $ 1.5 million annually or risk a four-day school week and the end of many extracurricular activities the star platform.

Last year, 45 school regions requested the additional taxpayers, but a few of them managed to obtain the approval of the voters.

The lack of financing can be translated into job cuts, as shown in Saint -Paul, who faced a $ 51.1 million gap this year and was forced to implement administrative cuts and reduce early childhood programs.

“When it comes to public education, property taxes are a key financing 9INITS Podcast, tell Newsweek.

“This is not a surprise for most, although it remains a point of discussion in many places.”

What people say

Anne Marie Foucault told St. Michael Albertille schools Minnesota Star Tribune: “We are still losing distinguished teachers and employees in front of the neighboring areas with more stable and competitive financing structures.”

Alex Ben told the Tennessee University’s financial literacy coach in Martin, Newsweek: “The need to raise taxes to cover the increasing costs of public schools is not a new matter, and it is in fact something we see more than the country, as many educational areas are struggling with increasing expenses. However, these proposals on increasing taxes on property come soon for many Americans financially, and not indicating dealing with the higher expenses associated with the house.

Kevin Thompson, CEO of 9i Capital and host 9INITS Podcast, tell Newsweek: “This is not a secret – broad cities are trying to collect revenues due to the low commercial property values ​​and the high costs of employment. Inflationary pressure continues to bleed in municipal budgets, and raising real estate taxes has become one of the ways to support that deficit.”

Drew Powers, founder of the Illinois -based Powers Financial Group, said. Newsweek: “Schools feel inflation like anyone else. Teachers, administration and employees need to increase the cost of living, and buildings and structures need reform and renewal. Everything costs more this year compared to previous years. It is possible that schools will go after the year of the elections, as increasing spending and taxes are never popular during the election year.”

What happens after that

Today, more than 70 percent of the Minnesota school areas will receive financial assistance from the voter -based tax measures.

For the next year, in front of the provinces until August 12 to decide on the financial requests they will include in the upcoming election polling.

“He rarely opposes more funding for schools, but finding support for property taxes even for a noble issue may find more opposition than usual,” said Ben.