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District presents proposed $40.48 million levy, cites bond debt and facility projects as main drivers
Summary
The Mankato Public School District presented a proposed levy certification of $40,482,667.07 and a projected overall levy increase of about 10.7%, attributing most of the change to debt service for recently approved indoor air‑quality and facility maintenance bonds.
Amanda Heilman, director in the district business office, told the school board on Dec. 2 that the district plans to certify a proposed property tax levy of $40,482,667.07, to be brought back for approval on Dec. 15. Heilman said the recommended amount reflects a combined levy increase of about 10.7%, with the general fund up roughly 8.8% and debt service rising about 14%, driven primarily by indoor air‑quality and long‑term facility maintenance bonds the district issued in 2023.
Heilman framed the levy within the district’s fund accounting system and state funding formula. “The current actual formula…
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