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District presents proposed 7.81% levy increase and explains OPEB and offsets
Summary
District finance staff told the board the proposed levy for fiscal 2027 would show a 7.81% increase driven largely by an annual OPEB reimbursement; a taconite offset reduces the levy by about $688,000. The board held the required Truth in Taxation public hearing; no public comments were offered.
At the Truth in Taxation meeting, district finance staff presented the proposed levy that will be certified for collection in calendar year 2026 and applied to the district—s fiscal 2027 budget.
Cara (district finance presenter) explained that the proposed levy shows a 7.81% increase compared with the prior calculation and that much of the change reflects an annual OPEB (other post-employment benefits) reimbursement related to retiree health insurance. She said the district previously issued debt in 2009 to fund retiree health…
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