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Lakeville projects $10,000 per‑pupil revenue, room for a $5M operating levy and fund balance goal by 2028
Summary
Finance staff told the board the district receives about $10,000 per pupil annually, that local levies account for about 25.5% of revenue, and there is capacity for roughly $400 per pupil (~$5 million) before hitting the levy cap; staff projected reaching a 10% fund balance by mid‑2028 but warned of structural risks.
Bill Holmgren, the district finance lead, gave the board a fiscal update and five‑year projection, saying the district’s combined revenue — state, local and federal — amounts to roughly $10,000 per student annually. He said local levies provide about 25.5% of that total and the district currently has room to request roughly $400 per pupil in a new operating levy…
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