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District 196 board approves $825 million preliminary budget for 2026‑27
Summary
The school board voted 5‑0 to approve a 2026‑27 preliminary budget with $825 million in budgeted revenues and nearly $909 million in projected expenditures across funds, citing a large construction spend‑down and a planned third bond issuance in 2027.
The Rosemount‑Apple Valley‑Eagan (District 196) school board on June 22 approved the district’s 2026‑27 preliminary budget, a plan the administration described as enabling continued capital projects and program support.
"District administration tonight presents the 2026‑27 preliminary budget for a second reading and a recommended approval," finance coordinator Danny Duchene said as he summarized major figures. The administration described $825 million in budgeted revenues, with roughly 67% of that in the general fund and about $410 million coming from state aids. Property tax levies are budgeted at roughly $170 million, and $100 million of the revenue total is allocated for the third issuance of bond proceeds tied to ongoing building projects.
On the expenditure side, the preliminary budget projects nearly $909 million across all funds; the administration said the 2026‑27 fiscal year will be the district’s largest construction year since the building program began and estimated a projected change in fund balance of ‑$83 million, driven primarily by construction spending.
Duchene noted the third bond issuance is currently targeted for spring 2027 and that the administration will return with a final budget in December and January. Following presentation and brief board discussion, Sacouten moved to approve the preliminary budget; Leah seconded. The motion passed on a unanimous 5‑0 roll call.
The board packet with the preliminary budget book will be posted on the district’s public finance website, the administration said. The approval at this stage authorizes the administration to continue planning under the presented revenue and expenditure assumptions; final adoption will follow later this year.
