Shakopee Schools propose tax-neutral operating levy to support classroom funding

Shakopee Public Schools is gearing up for a pivotal decision that could reshape its financial landscape. During a special board meeting on June 4, 2025, district officials discussed a proposed operating levy that, if approved by voters on November 4, 2025, could generate $5 million in new revenue for the 2026 fiscal year. This move aims to transition community tax contributions from construction debt to essential operating expenses, effectively creating a tax-neutral scenario for homeowners.

The district is set to see a reduction of approximately $209 in property taxes for a home valued at $400,000 due to the payoff of existing bond debt. The proposed operating levy would then backfill this amount, ensuring that the overall tax burden remains unchanged. "This is about being good stewards of taxpayer dollars," emphasized a district representative, highlighting the financial team's efforts in refinancing loans, which have saved taxpayers over $8 million in recent years.

In addition to the primary levy discussion, the board explored the possibility of seeking an increase to the state-approved operating money cap. This could potentially add another $288 per pupil, resulting in an additional tax impact of $97 per year for the same $400,000 home. However, officials clarified that these discussions are still in the exploratory phase, with no final decisions made yet.

As Shakopee Public Schools navigates its financial future, the outcomes of these proposed measures could significantly influence the district's operational capabilities and its standing compared to neighboring districts. The board's commitment to transparency and community engagement will be crucial as they move forward with these considerations.