Minneapolis Board of Education - Finance Committee
Minneapolis Board of Education1250 W Broadway Ave, Minneapolis, Minnesota 55411, Minneapolis 55411 (Directions)
Received the following information from Senior Finance Officer Ibrahima Diop:
- The levy increase for Minneapolis taxpayers would be 3.6 percent over the past year. The state had made errors in reporting some of the district’s finances, which had delayed getting a final figure for the tax levy.
- The district plans to change the way it projects budgets for the next five years. He said the “pro forma” report, which had been used for several years, will be replaced by a five-year forecast that will include greater detail.
- The district has been criticized for engaging the community too late in the budget development process. This year, there will be four community meetings in different zones of the district to engage the community in the budget process.
Agency Information
Minneapolis Board of Education
See meeting notes for details
The Minneapolis Board of Education, or School Board, is the elected body responsible for governing finances and policies, establishing and monitoring the strategic direction and goals, and hiring and evaluating the district’s superintendent, who serves as the district’s chief executive.
The School Board is comprised of nine directors, elected by Minneapolis voters, and two student representatives who are appointed. The superintendent also serves as an ex-officio member of the board. Board members serve four-year terms, beginning in January after being elected in November. Each year in January, the school board selects its leadership, which includes a chair, vice-chair, clerk, and treasurer.