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Finance committee told Pay 2025 levy is pre-certified; staff says final levy could rise $20 million if ballot passes
Summary
Staff told the Minneapolis Board of Education Finance Committee Oct. 15 that the Pay 2025 property tax levy is pre-certified for an estimated 4.52% increase and that, if a November ballot question is approved, the final levy would be updated to increase by $20 million.
The Minneapolis Board of Education Finance Committee heard Oct. 15 that the Pay 2025 property tax levy has been pre-certified at the maximum, an estimated 4.52% increase from the prior year. Staff told the committee the levy is currently in pre-certification and flagged a conditional change tied to an upcoming ballot question.
"If the ballot question in the November election is approved, the final levy would be updated to increase by $20 million," Staff member said. The committee did not vote on the levy at the meeting; staff offered the update as part of regular fiscal reporting and forecasting. The levy will be finalized following routine public notice and any required Board action once the November election outcome is known.
