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Levy could decrease slightly due to refinanced bonds

The annual operating levy could decline slightly in Burnsville-Eagan-Savage School District 191 primarily because debt has been refinanced to lower interest rates.

The preliminary annual operating levy approved by the Board on Sept. 29 would raise about $38.3 million for the 2017-18 school year, about $644,000 less than the current year’s levy.

By Dec. 31, the school board must approve a final property tax levy which is the first step in the budgeting process for the 2017-18 school year.