December 26, 2017

SAVE (Secure an Advanced Vision for Education)

Secure an Advanced Vision for Education (SAVE) “Moneys received for school infrastructure purposes shall be utilized solely for school infrastructure needs or school district property tax relief. “School infrastructure” means those activities for which a school district is authorized to contract indebtedness and issue general obligation bonds under Iowa Code section 296.1, except those activities related to a teacher’s or superintendent’s home or homes.“

  1. ISU report: Iowa public schools benefit from SAVE, but fund may not be enough for future needs “Money collected through a one-cent statewide sales tax has helped Iowa schools make significant progress in addressing overdue facility and equipment needs, according to an economic analysis by Iowa State University researchers. The study also found that school districts used the Secure an Advanced Vision for Education (SAVE) Fund to provide property tax relief.