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District staff brief board on preliminary FY27 levy showing small overall increase
Summary
Finance staff presented preliminary fiscal‑year 2027 levy estimates showing a modest overall levy increase driven by general fund components and long‑term facilities needs; final numbers will return in two weeks.
Jerder Holmgren, presenting levy estimates on Sept. 9, told the Lakeville Area School Board the numbers discussed were preliminary data recently received from the Minnesota Department of Education and would return for board action in two weeks.
"So the levy information we're gonna talk about, is for the fiscal year '27," Holmgren said, noting the board must take a preliminary action in September to meet county deadlines and will hold the Truth‑in‑Taxation hearing in December.
Holmgren walked the board through how market value, net tax capacity, sales ratio and…
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