The Hopkins School Board approved a resolution to allocate $158,290.32 to Intermediate District 287 for fiscal year 2026, covering the district’s share of pay‑as‑you‑go long‑term facilities maintenance and debt service on prior facilities bonds.

Breakdown: The approved allocation includes $85,602.80 for pay‑as‑you‑go projects and $72,687.52 for debt service on 2017A facilities maintenance bonds and 2022A facilities bonds. The district’s business services director said the payment represents Hopkins’ proportionate share of the shared‑services district’s FY26 obligations.

Board action: The board approved the resolution and allocation by roll call vote; the motion passed unanimously.

Why it matters: Hopkins is a member of Intermediate District 287, and the district’s annual allocation supports maintenance and debt service for joint facilities. The payment is separate from Hopkins’ internal LTFM plan and from operating‑budget decisions.

Speakers: Director of Business Services and the board’s District 287 representative presented the item and answered clarifying questions. The resolution was approved by roll call.