Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
Pequot Lakes voters approve $55 million school bond and 10-year capital levy authorization
Summary
The Pequot Lakes School Board certified April 8 special election results: voters approved a $55 million school building bond (1,115–1,000) and a capital project levy expected to raise about $600,000 annually for 10 years (1,147–968). The Clerk will notify the Commissioner of Education.
The School Board of Independent School District No. 186 on April 14 certified results from the April 8 special election, declaring both ballot questions carried. School District Question 1, authorizing up to $55,000,000 in general obligation school building bonds for safety and security, career-technical spaces, and building maintenance, received 1,115 YES votes to 1,000 NO, and the minutes state that "the ballot question, having received the approval of a majority of the votes cast, is hereby declared to have carried."
Question 2, a capital project levy authorization with a maximum rate of 0.8836% of the district's net tax capacity, was recorded as passing 1,147 YES to 968 NO. The levy is estimated to raise approximately $600,000 for taxes first levied in 2025 (payable in 2026), would run for ten years, and the minutes state the projects to be funded—an estimated $6,000,000 in work over the period—have received a positive review from the Commissioner of Education. The board directed the Clerk to notify the Commissioner of Education and provide certified vote totals within 15 days pursuant to Minnesota Statutes Section 205A.07, subdivision 3a.
