School Finance in Minnesota

  • 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.