10/02/2026
Myth #1: "The district hasn't been transparent about its finances."
Fact check: Prior Lake-Savage has consistently earned formal recognition for excellence in financial management and transparency.
🏆 Certificate of Excellence in Financial Reporting — Association of School Business Officials (ASBO) International, earned every year for over a decade
🏆 Minnesota Department of Education School Finance Award — awarded for fiscal health, sound management, and accountability
🏆 ASBO Meritorious Budget Award (2025-26) — awarded specifically for clear, transparent, and well-communicated budgeting
🏆 Aa2 Bond Credit Rating — maintained since 2017, higher than the average Minnesota school district (Aa3)
🏆 Clean Independent Audits — earned every single year for over a decade, representing the highest opinion an auditor can issue, with zero findings
That is not a low bar. Independent accountants, state regulators, and national finance organizations have all gone through the books and confirmed the same thing, year after year: this district shows its work.
None of that happens by accident.
Here is what the numbers actually show: this isn't a story of mismanagement—it's a story of a district trying to stretch shrinking dollars as far as they will go. State per-pupil funding hasn't kept pace with inflation in over two decades, leaving PLSAS receiving $3,094 less per student than the state average. Faced with that gap, the district has already cut $24.35 million from its annual operating budget since 2024, with another $3 million planned for the 2027-2028 school year—real, painful reductions made specifically to protect the classroom for as long as possible.
At the same time, auditors have been candid that reserve funds have thinned below the district's internal target. That is a real fiscal pressure—not evidence of hidden spending, but the predictable result of a structurally underfunded district drawing down savings to delay cuts to programs and staff. District leadership has been entirely open about this in public board meetings year after year.
Being honest about hard numbers is the opposite of being reckless.
The choice on November 3rd isn't between "trust the district" or "don't." It's between closing a funding gap the district has been transparent about for years, or letting reserves shrink further while state funding stays flat.
Vote YES on November 3rd. 💙💛