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Faribault board certifies 2025 levy (payable 2026), records small overall decrease
Summary
The Faribault Public Schools board approved certification of the 2025 property tax levy for collection in 2026, recommending a levy of $12,064,410.59 — a districtwide decrease of $273,662 (2.22%). The vote was recorded with one abstention; public commenters raised concerns about property valuations and district payments to local organizations.
The Faribault Public Schools board held its Truth in Taxation hearing on Dec. 1 and voted to certify the 2025 property tax levy, payable in 2026.
Finance director Miss Raesler presented the district’s budget context and levy recommendations. She explained the statutory process — the district adopts a proposed levy in September and finalizes the dollar amount in December — and reviewed district totals: FY25 actual revenues of about $79,924,073 and a projected FY26 revenue of $80,308,228 (a 0.48% increase). Raesler said the state provides roughly 78% of district revenue, local property tax provides about 15%,…
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