School Finance in Minnesota
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The annual timeline for developing the school district's budget is:
- July 1: Beginning of the fiscal year
- August-October: Independent firm audits school district finances
- September: School Board adopts a preliminary levy for property taxes payable the following calendar year
- November-December: Annual Audit Report to the School Board
- December: Annual Truth in Taxation Hearing and School Board adoption of the next year's final property tax levy
- February-April: Budget development work
- March: Deadline for retirement notifications
- March-April: Communication with staff about next year's assignments
- June: School Board adopts final budget
For more information on the budget and finances of MCW Schools, contact Superintendent Cori Reynolds.