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Finance committee hears budget development update, timeline
Summary
Minneapolis Board of Education Finance Committee received a staff update on the budget development process, covering current status, board values and priorities, and next steps in the timeline for preparing the 2025 budget.
The Minneapolis Board of Education Finance Committee received a staff presentation on Feb. 4, 2025, outlining the district's budget development process and next steps in preparing the 2025 budget. Staff described the current status, emphasized alignment with board values and priorities, and reviewed the process and timeline for upcoming budget milestones.
The update noted that the process will include continued review of values and priorities and additional staff work to refine revenue and expenditure projections before bringing proposals back to the committee. No formal votes or changes to the budget were taken at the meeting; the presentation was informational. Meeting materials with the full statements and supporting documents were posted with the agenda.
