How does SPPS manage the money it has?

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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