The primary focus was the property tax levy adjustments and their ramifications. Executive Director of Finance and Operations, Trevor Peterson, alongside Jack Sterns, detailed the intricacies of the tax levy system. They explained that the voter-approved levies saw a 4.09% increase, despite no recent voter approvals for changes. This rise was partly due to fluctuations in the district’s tax capacity, which can lead to automatic adjustments based on statutory requirements. A significant portion of the levy, about 61.55%, is voter-approved, and this increase contrasted with a 9.57% rise in local levies, largely due to long-term facilities maintenance adjustments.

The board presented a hypothetical scenario comparing two equally valued properties to illustrate this point, emphasizing that effective property growth can lead to lower taxes for individual homeowners despite a higher overall district levy.

Attention was also directed towards the district’s financial achievements, such as maintaining a AAA bond rating from Moody’s since 2008, which benefits the district during bond sales by keeping interest rates low. This rating reflects strong financial health and is achieved by only a few districts nationwide.

The board delved into the district’s budget for the upcoming fiscal year, noting a projected $304 million in total revenue and $310 million in expenditures, with a fund balance expected to be about $110 million by June 30, 2026. The general fund, which covers operating costs, was highlighted, with 62.68% of revenue from state aid and 32.58% from property taxes. Salaries and benefits dominate expenditures, accounting for approximately 72% of the general fund’s spending.

The meeting transitioned to public comments on the tax levy, where individuals expressed concerns about the financial strain on homeowners. A participant clarified that property tax increases are often less than the district’s levy increase, with actual dollar amounts varying.

The conversation briefly shifted to recognitions, including the Wayzata girls’ cross-country team’s fourth consecutive state championship and the achievements of Anna Prostrolo, recognized as the December employee of the month for her contributions to West Middle School.

Public commentary included a statement from a teacher at East Middle School, who raised issues about administrative demands conflicting with teaching responsibilities. This teacher emphasized the need for the administration to trust teachers’ professional judgment and criticized the lack of communication and feedback opportunities regarding professional development and meeting structures.

As the meeting continued, the board reviewed and unanimously approved the fiscal year 2024-2025 audit report, praising the finance team for their efforts. They also certified the maximum allowable levy amount, a necessary step in formalizing the district’s financial plans.

The meeting concluded with a report from Director Dan Janestra, who shared successes from the year, including goal-setting achievements among students and innovative pathways for seniors to explore teaching careers. The session ended with expressions of gratitude for Director Sarah Johansson’s 12 years of service.