Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Taxes And Budget topic
No spam. Unsubscribe anytime.
Byron school board sets $9.22 million levy, approves revised FY25 budget
Summary
The Byron Public School District board unanimously approved a proposed 2025 school tax levy of $9,215,144.26 and adopted a revised FY25 general fund budget after finance staff corrected accounting errors and presented updated revenue estimates.
The Byron Public School District board voted to set the district's 2025 school tax levy at $9,215,144.26 on a motion read into the record and approved unanimously. The levy includes $157,823 for community service and $5,865,977.22 for debt service, according to the resolution read by a board member and entered into the record.
Interim finance director Julie Sink presented the truth-in-taxation review and a revised FY25 general fund budget, saying the district will certify a levy that is collected in calendar year 2025 to support the FY26 school year. "The district will approve tonight a 6% increase in, in your levy," she told the board as she walked through valuation trends, state funding formulas and local factors affecting tax capacity.
Sink told the board the district has seen valuation growth over the past decade and that some local factors (classification changes, abatements and property improvements) affect adjusted net tax capacity. She explained that the revised FY25 budget is near balance after correcting what she described as "one major error in the expenditure budget," and that following adjustments the district is showing a roughly $54,000 deficit in the current year's numbers.
Board members moved to approve the levy resolution as read and then approved the FY25 revised general fund budget on a separate motion. The board also accepted the FY24 audit during the same meeting (see related article). The motions were adopted by voice/roll-call vote with no opposition recorded.
Why it matters: Setting the levy finalizes the district's property-tax request that underpins local revenue. The levy decision affects taxpayers in 2025 and funds operations for the coming school year. The board approved the levy at a level that the finance presenter said will not necessarily raise every household's school portion of property tax, because rapid valuation growth can offset increases in levy rates for some property owners.
What's next: The levy will be certified to county officials for collection in 2025; the district will use collected funds for FY26 operations, as outlined by the finance director.
Votes and procedure: The levy resolution was read into the record as a formal resolution pursuant to Minnesota statutes and then approved after a roll-call. The FY25 revised budget was approved later in the meeting on a separate motion.
