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STC Revenue Purpose Statement Weekly FAQ

posted Mar 18, 2016, 4:58 AM by Web Coordinator
On April 5th, South Tama County Community Schools will bring to our patrons an election for the allowed uses of the Iowa 1-cent sales tax that is dedicated to all Iowa schools. The information below explains STC’s Revenue Purpose Statement and the process prescribed by state laws for our district to continue to use these funds. Please contact Mary Jones at 641-484-4811 if you have any other questions after reviewing this information.

Over the coming weeks leading up to the election we will be highlighting several important frequently asked questions that pertain to the STC Revenue Statement. The STC Revenue Statement FAQ document can be downloaded in full at the link below.

What do we currently do with the $.01 sales tax revenue?

Over the past 10-years we have used this fund to pay down the debt levy on the Elementary school. We have used this revenue to pay for computers for our students and technology infrastructure for our buildings. The revenue has been used to purchase buses, update building security, classroom and entrance doors. It has also been used to purchase and install energy efficient lighting, make roof repairs and replace the boiler at our high school.

Why is this important now?

Our district’s current Revenue Purpose Statement sunsets, or ends after a fixed period of time, in 2022. We would like to extend our current Revenue Purpose Statement to match current legislation. With the extension, we can work with our lenders to structure revenue bonds against our current and future SAVE revenue. This will allow us to make much-needed repairs to all of the facilities in our district. Our high school was constructed in 1965​. In the 1970’s and again in the 1980’s used portable classrooms were added to the high school campus. These portables have outlived their efficiency and are in need of replacement. Our high school and middle school need some significant repairs, updating and remodeling to bring them into the 21st century.