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Hopkins board hears referendum 101: estimates show large potential revenue; waiver option available

Hopkins School Board · October 9, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

District staff briefed the board on referendum types, timelines and preliminary estimates: about $17.5 million in operating referendum revenue and $15.5 million in capital-projects levy are being modeled; staff noted a legislative waiver may let the board adopt an operating referendum without a public vote within a specified window.

Hopkins School District staff gave a detailed "Referendum 101" briefing Oct. 8, outlining how operating referendums, capital-project levies and bonds raise locally controlled property-tax dollars and what board choices and deadlines the district faces.

Director (speaker 4) and Director Chapinduca (speaker 13) said staff have established a referendum team with finance, communications, buildings and principal…

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