Central to the meeting was the approval of the tax levy, a topic explored in depth through presentations and discussions. The levy amount represents a 2.5% increase from the previous year, incorporating additional revenue from a capital projects referendum and local optional revenue adjustments. This decision aligns with the district’s ongoing efforts to balance its budget amidst shifting property valuations. A presentation noted the substantial rise in property values, with an example home now valued at $300,000, compared to $182,000 eight years ago. This increase contributes to higher tax payments, influenced by an operating referendum approved in 2022.

The financial discourse extended to the district’s credit rating, with a rating upgrade from Moody’s to double A3. This improvement reflects the district’s stable financial management, enabling more favorable borrowing terms for future projects. The board took pride in the district’s solid fiscal standing, with the majority of funding—65%—coming from state aid, while local taxes contribute 21%.

Further dissecting the financial outlook, the meeting examined property tax statements set for mailing by county auditors. These statements will provide taxpayers with detailed information on their obligations to the city, county, and school district. The conversation highlighted valuation trends over the past eight years, with a notable increase in both bond increments and property values. For instance, the district saw valuation increases of 4.5% in 2018 and nearly 8% in 2019, with a more recent increase of over 19% in 2023. This year, a 10% increase was observed, with projections for a further 8.5% rise.

The board’s analysis underscored the implications of these valuation changes on tax burdens. A breakdown of property types showed that 43% of the district’s property value is residential, while agricultural land accounts for 38%, with the remainder split between commercial, industrial, and seasonal recreational properties. The discussions aimed to clarify how these property types contribute differently to tax levies.

In addition to the tax levy, the board approved new professional agreements for paraprofessionals and food service staff. The paraprofessional agreement introduced changes to contract language, insurance contributions, and leave policies, establishing a salary schedule starting at $17 and reaching $21.52. A 1% increase is planned for the following year, with longevity increments also addressed. Moreover, the agreement incorporated a memorandum for e-learning professionals, highlighting the district’s adaptation to modern educational needs.

Similarly, the food service agreement saw adjustments in personal day allocations, statutory eligible absences, and compliance with Minnesota paid leave laws. Financially, food service workers will benefit from a 3% increase in the salary schedule over two years, alongside enhanced health insurance contributions.

The meeting concluded with scheduling matters and a closed session to evaluate the superintendent. The board later reported that the superintendent met or exceeded expectations, particularly in communication and community relationships.