Board approves 10‑year LTFM plan and recognizes bond sales for indoor air and abatement projects

Sandy Balow presented the required 10‑year Long‑Term Facilities Maintenance revenue and expense plan, which will feed the district’s levy certification and reflects the $380 per adjusted pupil unit allowance the state provides.

Balow noted that the district previously sold bonds for indoor air‑quality and abatement projects in 2025 and that the associated tax impact was recognized up front; the plan also includes a second bond issue forecast for September 2026 and another bond sale in November for project costs in 2027–28. She said all resolutions and plan documents for the projects were submitted previously to the Minnesota Department of Education.

The board moved and approved the FY2028 LTFM resolution by roll call (Aye votes from Mr. Humphrey, Mrs. Anderson, Mr. Showalter, Mr. Working and Mrs. West). Balow said category‑two health/safety capital projects (including the indoor‑air and abatement efforts) were entered across the fiscal years expected for completion and that category‑five deferred‑maintenance items (elevator, drywall, exterior repairs) were reflected in the plan.