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Grand County School Board shifts portion of sunsetting debt levy to capital levy, adopts 2025–26 budget
Summary
At a Truth in Taxation public hearing the Grand County School District presented a plan to transfer part of a sunsetting debt levy into the capital levy, explained the projected tax impact, heard public comment, and approved property tax resolutions and the 2025–26 budget by 4–0 votes.
The Grand County School District Board of Education held a Truth in Taxation public hearing on Aug. 13 and voted to set property tax rates, approve related resolutions and adopt the district’s 2025–26 budget.
Jerry, a district staff member who presented the tax rate slides, told the board the district proposes to capture a portion of the tax rate tied to a general obligation bond that is scheduled to be paid off on June 30, 2028, and shift that portion into the capital levy to build cash for maintenance and repairs. ‘‘As that debt is being paid off … the district’s goal…
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