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Northfield projects about $9.9 million revenue, $8.9 million in debt payments for 2025–26 debt service fund
Summary
District finance director presented the debt service fund budget for fiscal 2025–26, explaining the 5% levy rule, state credits tied to long‑term facility maintenance aid, recent bond issues for the Reimagine Northfield High School project and an anticipated fund balance that may trigger a Department of Education levy adjustment.
Val Mersdorf, director of finance for the Northfield Public School District, told the school board on April 14 that the district plans about $9.9 million in revenue and roughly $8.9 million in principal, interest and fees for the 2025–26 debt service fund.
Mersdorf said the district levies 105 percent of required principal and interest for voter‑approved and state‑authorized debt, and that some payments are offset by state credits — most notably Long Term…
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