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Wagner: PPEL funds are an important part of a school's budget

Wagner: PPEL funds are an important part of a school's budget

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february2021ppelfundvotewoodbine

The central mechanical functioning of the heating boilers, cooling, roof repairs and snow removal are paid for using these PPEL funds.

WOODBINE — The upcoming vote regarding the Physical Plant and Equipment Levy (PPEL) is a renewal of an existing levy for the Woodbine Community School District (WCSD) not a new one.

That is one important piece of information Justin Wagner, superintendent of the WCSD, wants people to know.

The special election, set for March 2, is asking voters to authorize an approved PPEL tax not to exceed $1.34 per $1,000 of assessed property valuation of the taxable property within the School District.

And it would authorize annually, as determined by the School Board, to impose a PPEL income surtax not to exceed 20 percent upon the state individual income tax of each individual income taxpayer resident in the School District for a period of 10 years.

Wagner also wants people to know that the District’s overall levy is projected to decrease next year, even if this vote is passed.

The reason is because the management levy is decreasing. (According to the Iowa Department of Education website, the revenues from this levy may be used to pay the costs of unemployment benefits, costs of liability insurance and agreements, costs of judgments, and costs of certain early retirement benefits.)

“By the management levy decreasing, this will cause the overall levy rate to drop,” Wagner commented.

These funds from PPEL are critical to the budget of a school district, Wagner said.

The central mechanical functioning of the heating boilers, cooling, roof repairs and snow removal are paid for using these monies.

“Without these funds, it will cause a significant disruption to the education of our students,” said Wagner.

A couple other notes: First, a vast majority of school districts in the state have a voted PPEL.

The vote occurs every 10 years.

Wagner said if this vote is note passed, then the School will not have a chance to vote on receiving PPEL funds anymore this fiscal year (FY). But, the District could bring it to a vote next FY.

The thing to think about though is that the District would lose out on PPEL funding for at least a period of one year, said Wagner.

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