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Mahtomedi Board Certifies 2026 Levy and Authorizes Voter-Approved School Building Bonds; Board Directs Split Issuance
Summary
After a Truth in Taxation hearing, the Mahtomedi board certified the 2026 levy and approved a resolution authorizing the sale of voter-approved school building bonds. The board directed staff to pursue splitting the roughly $28 million authority into two issues to lower interest costs and improve flexibility.
The Mahtomedi Public School District board certified the property tax levy for taxes payable in 2026 and approved a resolution Dec. 15 authorizing the sale of voter-approved general obligation school building bonds, directing staff and advisors to pursue a two-part issuance.
At a Truth in Taxation hearing, a district presenter summarized levy categories, voter-approved measures from Nov. 4 (a $575-per-pupil operating referendum and a building bond), and levy deadlines. The presenter said the operating referendum is expected to raise about $2 million for the district and underscored planned capital work funded by the bond: HVAC upgrades, improved circulation and accessibility, performing arts acoustics, a larger weight room, middle school entry renovation and turf and lighting for Field 1.
The district compared…
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