Minnetonka Schools Board Meeting September 10, 2026

The Minnetonka Schools Board Meeting held on September 10, 2026, focused primarily on recognizing student achievements and staff awards, but also included significant procurement and budget discussions. Key procurement actions included the approval of two general obligation bond sales totaling approximately $85 million for school facility maintenance and construction projects, with interest rates of 3.63% and 5.07% respectively. The board accepted competitive construction bids for major projects at Minnetonka Middle School West and East, with bids coming in under budget by about $9.5 million combined. Additionally, the board approved new labor contracts for technical (MISA) and nutrition services employees, including wage increases. A major policy-related item was the presentation and discussion of a November ballot referendum to adjust the Minnesota Permanent Schools Trust Fund distribution formula, which could increase funding to the district by about 48%. Finally, the board approved the establishment of a perpetual endowment trust fund to accept donations for long-term district support, formalizing the fund's legal framework and encouraging community contributions.