School Board Meeting - Feb. 17, 2026

Tuesday, February 17, 2026

High school theater department safety video recognition

Approval of board meeting agenda

Superintendent update on $5M budget shortfall

Board consent agenda approval

Sale of general obligation school building and facilities maintenance bonds

Moody's rating agency credit opinion review

Votes (3)

Approval of tonight's agenda

PassedUnanimous

Moved by Chair Sherman · Seconded by Director Theelander

Approval of consent agenda items A through E

PassedUnanimous

Moved by Director Hawker · Seconded by Director Lowour

Awarding the sale of general obligation school building and facility maintenance bonds

PassedNot specified

Moved by Chair Sherman · Seconded by Director Theelander

Notable Quotes (2)

We are facing o over a $5 million shortfall and this will be the third year in a row we've had to reduce spending.

Dr. Funk
BudgetSuperintendent update on district financial health.

The true interest cost rate overall for the issue is a 3.80 and we had estimated 4.4% a month ago.

Jody Zazba
FinanceReporting bond sale results to the board.

People (4)

Cararissa KesterDistrict Representative

Introduced the high school theater department and their participation in the I Love You Guys Foundation safety video.

Jody ZazbaConsultant (Ellers)

Presented the results of the bond sale, noting interest rates lower than projected.

Places Mentioned

Stillwater High SchoolWashington CountyMilwaukee, WisconsinAlabama

Events & Meetings (2)

  • Bond sale closing date: March 12th
  • School bond election date: November 7th, 2023

Ordinances & Resolutions (1)

Resolution awarding the sale of general obligation school building and facility maintenance bonds

Resolution to issue $90,335,000 in bonds at a 3.8% true interest cost to fund building projects and facilities maintenance.

View Source
School Board Meeting - Feb. 17, 2026 - Lake Elmo Recorder