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Robbinsdale advisory council recommends increasing Paygo LTFM funding to limit tax impact
Summary
District CFO Kristen Hoheisel and financial advisor Michael Hart outlined debt and levy options and the Financial Advisory Council recommended raising Paygo Long-Term Facilities Maintenance funding to try to keep taxpayer costs neutral. The board heard the presentation; no vote was recorded on the recommendation.
Kristen Hoheisel, chief financial officer, and Michael Hart of PMA Securities presented options for long-term facilities maintenance (LTFM), debt and levy management at the June 3 Robbinsdale Area Schools board meeting. After reviewing scenarios, the Financial Advisory Council (FAC) recommended increasing Paygo LTFM funding to attempt to keep taxpayer costs as neutral as possible.
The presentation outlined trade-offs between using bond debt and Paygo funding for LTFM and emphasized that different mixes affect near-term tax implications and long-range facility funding. The FAC recommendation is advisory; the board did not take a formal vote on the recommendation at this meeting. Further levy planning and a financial advisory discussion remain part of the operations agenda ahead of any formal proposal.
