Finance
Minnesota voters back half of school finance levies, reelect most board incumbents
About half the Minnesota districts that asked voters for more money on Election Day got it.
In Northfield, the school district’s $121 million three-question funding request saw full approval, meaning school leaders will be able to move forward with building a new gymnasium, classroom addition and geothermal heating and cooling system.
Minneapolis voters OK’d a $20 million technology spending levy for the financially strapped public school district.
Voters across the state were willing to renew existing levies for building maintenance and upgrades, and for technology. It was a different story, though, when they were asked to pay more for day-to-day operating costs.
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Thirty districts this year asked voters to approve levies for daily costs, including 28 that put questions on ballots this week. Only 40 percent of those requests were OK’d — one of the lowest approval rates since 1980.
“One of the things that really stuck out to us is people were willing to vote to maintain. They weren’t interested in increasing their local property taxes,” said Kirk Schneidawind, executive director of the Minnesota School Boards Association.
Schneidawind said he believes that’s a reflection of how Minnesotans feel about the economy.
“The general default for many voters is, ‘I’m going to vote no if I don’t understand it or don’t know about it,’” Schneidawind said. “People, in their mind, the economy, prices of things and costs of things have gone up. And inflation, even though it’s been coming down, it’s still impacting their pocketbook. And I think perhaps folks saw that or felt that and weren’t supportive of new increases for our public schools.”
Statewide, 45 districts put some sort of financial question on their local ballots this year with 51 percent approved.
School boards
More than 300 Minnesota school districts sought to fill open school board seats this election. In places where incumbents were on the ballot, voters elected to keep them at a rate of nearly 87 percent.
While this year’s competition wasn’t as intense as in recent years, many districts had multiple candidates on their ballots. Behind those candidates were organizations spending time and money on training and endorsements.
The Minnesota Parents Alliance, a conservative organization launched in 2022, endorsed nearly 130 candidates in 56 Minnesota districts in its voter guide. Teacher unions backed nearly 100 candidates in 33 districts. The School Board Integrity Project, a progressive organization launched last year, endorsed 45 candidates in 27 districts.
In the 29 districts where there were candidates from both the Minnesota Parents Alliance and the teachers union or School Board Integrity Project facing off, 31 Minnesota Parents Alliance-endorsed candidates won and 50 union or School Board Integrity Project-endorsed candidates won.
Education Minnesota president Denise Specht claimed victory in an emailed statement, saying union-backed candidates won nearly 75 percent of their races.
Leaders of the Minnesota Parents Alliance also focused on wins, pointing to wins in 56 percent of races with endorsed candidates and seats gained in 47 school boards and majorities gained on boards in Elk River, Lakeville, Forest Lake and Prior Lake, MPA leader Cristine Trooien said in a statement.
Here are the results in a few districts MPR News tracked on Tuesday.
Prior Lake-Savage
In 2022, the open seats on this suburban district’s school board were hotly contested by opposing slates of candidates who staked out sides in a tug of war that involved organized parent groups, teacher unions, networks of political donors and families worried school equity efforts were in jeopardy.
This year there were six candidates running for three open seats. The candidates — just one of whom was seeking reelection — were divided into those backed by the local teacher union versus those who received endorsements from the Minnesota Parents Alliance.
Two of the Minnesota Parents Alliance candidates won, backed by a local parents group that sank at least $1,800 in the election. Just one union-endorsed candidate won, meaning this school board, come January, will be led by a majority of MPA-endorsed candidates.
Voters in this district also rejected the school system’s request for a levy to help pay for daily operations.
Brainerd
In Brainerd, there were seven candidates running for three seats. Only one didn’t secure endorsements from either the Minnesota Parents Alliance or the local teacher union. All union-endorsed candidates were incumbents. Of those, two won reelection. The third open seat was filled by a Minnesota Parents Alliance-backed candidate.
In the 2022 election cycle, Brainerd saw a frenzy of school board campaign spending with candidates racking up nearly $80,000 in disbursements on advertising, mailers and signs. This year, the spending has come way down and is now closer to $11,000.
The three election winners will oversee a district serving at least 6,000 students in north-central Minnesota.
Fergus Falls
Nine candidates were running to fill three seats in this west-central Minnesota district where nearly 3,000 students attend school. Three union-endorsed candidates, supported by about $2500 in union campaign spending, beat out three Minnesota Parents Alliance-endorsed candidates.
Lakeville
In Lakeville, nine candidates vied to fill three seats on a board overseeing district-level decisions for more than 12,000 students in this Twin Cities outer ring suburb.
Campaign finance reports from August and September show close to $20,000 spent on the board elections, mostly from the teachers union. The six endorsed candidates were backed by either the local teachers’ union or the Minnesota Parents Alliance, none of whom are incumbents.
One union candidate and two Minnesota Parents Alliance candidates won, meaning alliance-backed members will hold a board majority come January.
Osseo
In the Twin Cities suburban district of Osseo, there were six candidates running to fill three open board seats. None of the candidates were incumbents. They raised at least $9,000 between them for websites, business cards, flyers, T-shirts, signs and other campaign spending.
This district’s current board has been the site of clashes over policies regarding gender inclusion, instruction and LGBTQ+ pride flags.
On Tuesday voters backed two union and School Board Integrity Project candidates and one Minnesota Parents Alliance candidate.
St. Francis
In St. Francis, in the northern Twin Cities exurbs, there were 10 candidates running for four open school board seats. The Minnesota Parents Alliance and local teachers union each endorsed four candidates, none of whom was an incumbent.
The winners were evenly split — two union-endorsed candidates and two Parents Alliance-endorsed candidates won.
Rosemount-Apple Valley-Eagan
This metro-area district saw two candidates competing in a special election to fill a single school board seat. The local teachers union spent more than $90,000 to support their endorsed candidate, who won the seat.
Finance
Texas restaurants feel financial strain as costs continue to rise, report shows
Texas restaurant operators are continuing to face mounting financial pressure as rising food and fuel costs impact businesses across the state, according to the latest quarterly economic report from the Texas Restaurant Association.
The association’s 2026 first-quarter report shows that many restaurant owners are struggling to keep up with increased operating expenses while trying to avoid passing those full costs on to customers.
“You know, what we’re seeing a lot of in Texas from these quarterly economic reports that we do is that food costs continue to rise,” said Texas Restaurant Association Chief Marketing Officer Tony Abroscato. “We all know that it’s up 35% since the pandemic. And so that’s an impact on our restaurant.”
According to the report, 77% of restaurant operators reported increased costs of goods, while 66% said suppliers have added fuel surcharges as gas prices continue to climb.
“We’re seeing that 90% of consumers start to adjust their habits based upon rising gas prices,” said Tony Abroscato. “Then also those gas prices impact the cost of food because everything is trucked and shipped and a variety of different things.”
In addition to rising costs, labor shortages remain a major concern for restaurant owners. More than half of association members reported difficulties finding enough workers.
“You know, immigration is difficult and has had an impact on the restaurant industry, the farming industry, which again, then raises prices along the way,” said Abroscato.
Despite the financial challenges, the Texas Restaurant Association’s 2026 first-quarter report shows that Texas restaurants are only passing a portion of those increased costs on to customers while absorbing the rest through reduced profits.
Some restaurant owners have been making changes to adjust, like limiting menu items or even turning to QR code ordering, Abroscato said.
Copyright 2026 by KSAT – All rights reserved.
Finance
Household savings, income and finances in Spain: how did they fare in 2025 and what can we expect for 2026?
In 2025, GDI grew above the rate of average annual inflation (2.7%) and the growth in the number of households (1.3% according to the LFS), which allowed for a recovery in purchasing power. In this context, real household income has grown by 4.5% since before the pandemic, highlighting that households have continued to gain purchasing power in real terms.
The strong financial position of households is reflected not only in the high savings rate but also in their financial accounts. In this regard, households’ financial wealth continued to increase in 2025: their financial assets amounted to 3.4 trillion euros at the end of the year, versus 3.1 trillion at the end of 2024. This increase of 292 billion euros is broken down into a net acquisition of financial assets amounting to 95 billion, higher than the 21.5-billion average in the period 2015-2019, when interest rates were very low, and a revaluation effect of 194 billion. When breaking down the net acquisition of assets, we note that households invested 42 billion euros in equities and investment funds, just under 9.6 billion less than in deposits, while they disposed of debt securities worth 6 billion following the fall in interest rates.
On the other hand, households continued to deleverage in 2025, and by the end of the year their financial liabilities stood at 46.9% of GDP, compared to 47.8% in 2024, the lowest level since the end of 1998. This decline reflects the fact that, in 2025, households took advantage of the interest rate drop to prudently incur debt: net new borrowing amounted to 35 billion euros, representing an increase of 3.8%, which is lower than the nominal GDP growth of 5.8% and the GDI growth of 5.3%.
As a result of the increase in financial assets and the decrease in liabilities as a percentage of GDP, the net financial wealth of households recorded a notable increase of 7.3 points compared to 2024, reaching 156.8% of GDP.
Finance
Fresno Mayor Jerry Dyer touts ‘strong financial outlook’ in city’s budget proposal
FRESNO, Calif. (KFSN) — Mayor Jerry Dyer has unveiled his 2026- 2027 budget proposal at Fresno’s City Hall.
The overall budget total is $2.55 billion, with a majority of the funding going to public works, utilities, police and FAX.
The mayor also highlighted several investments, including a 10-year tree trimming cycle, the Homeless Assistance Response Team and an America 250 celebration.
Dyer says that despite some challenging circumstances, the City of Fresno’s long-term financial condition remains healthy.
“We’re pleased to say that based on increasing revenues and sound financial management, as well as a very healthy reserve, the city of Fresno has a strong financial outlook,” he said.
Dyer’s office says the budget is a comprehensive financial plan that reflects the city’s ongoing commitment to the “One Fresno” vision.
Copyright © 2026 KFSN-TV. All Rights Reserved.
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