How does SPPS manage the money it has?
SPPS works hard to use taxpayer dollars wisely and continues to seek ways to be more efficient and effective in educating our kids. The District:
- Saved taxpayers more than $9 million in long-term interest costs by refinancing bonds in the past three years
- Received the Minnesota Department of Education 2018 School Finance Award for timely and accurate financial reporting
- Has a bond rating in the top 15 percent of rated Minnesota school districts, which helps save taxpayers money
- Is the second largest school district in the state, but spends less than the state average on district administration and more on classroom instruction as a percent of the operating budget