Minneapolis schools face mounting financial mismanagement concerns

Minneapolis Public Schools is facing the fallout from the findings of a fraud investigation into its finance office following years of multimillion-dollar deficits, budgeting errors, and payroll tax compliance failures.

The most recent incident, involving $3 million diverted from an MPS bank account meant to cover eligible employee medical expenses, comes after outside auditors have repeatedly warned school administrators since at least 2015 about the finance department’s weak oversight.