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Board briefed on five‑year forecast and option to auto‑renew operating referendum
Summary
Finance staff presented a five‑year forecast showing declining enrollment and potential deficits through 2031; staff outlined a one‑time statutory option to auto‑renew the district’s operating referendum and said a resolution would come in May with public comment prior to action.
The Mankato Public School District finance team on April 6 presented a five‑year budget forecast showing declining enrollment and potential long‑term shortfalls, and outlined a one‑time statutory window for school boards to auto‑renew existing operating referendums.
Staff said district enrollment peaked at roughly 8,600 students in 2020 and has fallen to just under 7,800, producing an estimated revenue loss of roughly $10 million since the peak. The forecast scenarios presented showed a status‑quo projected deficit of about $15 million by 2031; staff said if the district allowed the current…
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