School District reviews bond options to minimize property tax impact on voters

During the recent Hopkins School Board meeting on May 6, 2025, discussions centered around an upcoming referendum that could significantly impact local property taxes. Board members are preparing to present a proposal for a capital projects referendum, which is a renewal of a previous measure that expires soon. This initiative is not new to the community, as the last referendum was held in 2017, which included various components totaling around $30 million.

The board is currently working with municipal advisers to determine the potential tax implications of various bond sale scenarios, including options for $110 million, $140 million, and $200 million. The goal is to structure the debt in a way that minimizes the financial burden on taxpayers. Board members emphasized that the community's past experiences with similar referendums have set a precedent for this type of funding approach.

Looking ahead, the board plans to hold several meetings in June to refine project priorities and prepare for a voter information campaign leading up to the election on November 4. Key milestones include a June 10 presentation on the referendum and a June 24 consensus meeting to finalize actions for the November vote. The district aims to ensure transparency and community engagement throughout this process, highlighting the importance of sound investments in educational facilities.

As the board moves forward, they are committed to keeping taxpayers informed and involved, ensuring that any proposed tax increases are justified and manageable. The next steps will be crucial in shaping the future of the district's capital projects and financial planning.