Edina Public Schools School Board - Sept. 23, 2025 - Preliminary Tax Payable Levy
Preliminary Levy Certification for Property Taxes Payable in 2026
Full Document Analysis
Votes (2)
Approval of Agenda
Dissent: None
Moved by Dan Arum [Timestamp not specified] · Seconded by Erica Ellenberg [Timestamp not specified]
Standard procedural motion to approve the meeting agenda.
Preliminary Levy Certification for Property Taxes Payable in 2026
Dissent: None
Moved by Ruby [Timestamp not specified] · Seconded by Erica Ellenberg [Timestamp not specified]
Director of Finance and Operations presented comprehensive levy analysis covering: (1) General Fund revenue increase of 4.8% ($918,433 from operating referendum); (2) Capital Projects/Tech Levy increase of 3.12% to $9,470,865; (3) Community Service Fund decrease of $133,000 due to prior-year adjustments; (4) Debt Service Fund increase of 5.73% ($1 million+) for scheduled principal and interest payments on six general obligation bonds through 2038. Student enrollment projected at 8,740 ADM (adjusted daily membership), up from 8,670 in prior year. Per-pupil authority estimated at $2,234.89. Overall levy increase of 4.75% compared to 4.88% prior year and 5.27% two years prior, returning to historical 4-5% range. Context provided on comparable jurisdictions: City of Medina preliminary levy increase of 11.03%; Hennepin County increase of 7.79%. Truth and Taxation hearing scheduled for December 8th with final certification vote same evening.
Notable Quotes (4)
the vast majority of the levy categories are in part or fully dependent on student enrollment. Um and some of the revenue that we get more than 85% is tied directly to student enrollment.
we're highly confident that the final figures that you'll see in December will be within 10 basis points of the numbers in the report that you're viewing today.
we're heading back to that kind of normal range of between four and 5% that we've seen historically over the last 10 years.
More than 50% of our general fund revenue is tied in some way to voter approval. Primarily our operating referendum authority and capital projects levy.
Ordinances & Resolutions (2)
Department of Education report detailing preliminary levy categories and limitations; presented at September 8th meeting; final figures expected in December with confidence of within 10 basis points accuracy
Formal certification of maximum property tax levy authority for school district operations in the 2025-2026 school year; requires board approval by September 30th deadline