Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Levy Certification topic
No spam. Unsubscribe anytime.
Lakeville board certifies 2025 pay-2026 property tax levy
Summary
The Lakeville Public School District board voted to certify the 2025 property tax levy (payable 2026) after a Truth in Taxation hearing. The board approved certifying the levy following a presentation that said local levies constitute roughly 25% of the general fund and that the net levy increase for pay 2026 is about $326,000.
After a Truth in Taxation presentation on Nov. 11, the Lakeville Public School District board moved and approved certification of the district's pay-2026 tax levy.
The presenter explained how levy categories and state aid interact: some dollars are restricted, some are aid, and some are local levies. The district's operating levy and LOR (local optional revenue) mechanics were discussed, and the presenter said the pay-26 levy increase would add roughly $326,000 (about 0.4%) in total levy revenue.
Director Amber Cameron moved to certify the levy; Director Ben Baker seconded the motion and the board approved the certification during the meeting.
The presenter noted the district receives some capital and LTFM aid from the state while local levies fill other gaps. District officials said the overall general fund revenues and expenditures are roughly $212 million and that unrestricted fund balance sits below the 10% target at approximately 7%.
What happens next: certification allows the county to finalize tax statements and for the district to proceed with budget and cash-flow planning. The board also continues discussion separately about whether to ask voters for additional bond authority to expand middle-school capacity.
