Health Insurance Fund Stabilization and Risk Mitigation

Michelle Vargas, chief financial officer, provided an overview on a proposal to stabilize the insurance fund and mitigate future financial risk alongside Chief Human Resources Officer, Dr. Jennifer Cherry; and Todd Mensink, Director of Labor Relations and Benefits. The board approved the resolution of a one-time transfer from the General Fund to the Health Internal Service Fund (ISF) of $16.5 million, and assigning $10.5 million from the unassigned General Fund for future ISF contingencies on a unanimous vote.

Preliminary Tax Certification for Taxes Payable 2027

Michelle Vargas, chief financial officer, presented the preliminary tax certification for board approval. The action sets the maximum tax levy payable in 2027, an amount that will be reviewed and authorized at the Dec. 7, 2026, School Board meeting following a public hearing. Vargas explained that the levy amounts are mainly guided through state funding formulas and voter approved levies. The recommended maximum tax levy is a 3.50% increase. Anoka County and Hennepin County to establish draft tax statements which will be mailed to property owners in November as the resolution was certified on a unanimous vote.