The board recessed its regular meeting and opened the required Truth-in-Taxation hearing, where district staff reviewed Minnesota's truth-in-taxation requirements and presented the district's proposed levy and budget overview.

"Minnesota's truth in taxation law requires that cities, counties, and school districts follow certain steps before adopting a tax levy for the following year," the presenter said as background.

Staff presented a combined budget overview for all funds showing revenues of $33,292,177 and expenditures of $33,568,044. The presenter said roughly 88% of district revenue comes from state sources and about 8% from local property taxes, and showed a projected end-of-year fund balance near $4,000,116 with unassigned reserves taking a hit.

On the levy, the presenter walked through components and said the district was requesting board approval of a proposed levy of about $4,481,242, with a general-fund portion and amounts assigned to community education and debt service in the slide material.

"Some of the factors that impact our tax change are issues driven by legislative decisions and market pressures," the presenter said, explaining that the county assessor determines property values and the auditor calculates tax capacities and rates.

After the presentation the board closed the hearing and reconvened the regular meeting. The transcript records the presentation and the board's procedural vote to close the hearing but does not include a motion to certify or adopt the proposed levy at this meeting.