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Saint Louis Park board certifies $44 million preliminary levy; district warns tax rate may edge up
Summary
The school board approved a preliminary maximum levy of about $44 million for fiscal 2027, citing modest levy growth (1.21%) and constraints imposed by state equalized formulas. Officials said debt service and abatements are driving changes and that final levy and tax-rate impacts will be set after truth-in-taxation notices and a December hearing.
The Saint Louis Park School Board on Sept. 30 certified a preliminary maximum levy of roughly $44.0 million for fiscal year 2027, approving the amount unanimously. The district said the dollar levy increases by about 1.21% over the previous year, but noted that a modest increase in the district’s tax rate is possible when property valuations are factored in.
Why it matters: The preliminary levy sets the maximum property-tax revenue the district may collect next year and determines the district’s place on truth-in-taxation notices sent to property owners. The board and finance staff said state formulas, tax increment financing (TIF) changes, abatements and voter-approved debt service drive levy calculations and limit the board’s flexibility to increase operating revenue.
Key points…
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