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Pleasant Valley presents proposed 2025–26 levy decrease; board passes budget‑guarantee resolution and approves warrants
Summary
At a public hearing, district staff reported a proposed decrease in total property taxes and a lower levy rate for fiscal 2025–26; no members of the public spoke. The board later adopted a budget‑guarantee resolution under Iowa Code 257.14 as a precaution and approved a series of fund warrants presented in the consent agenda.
District business manager Clinton Smith presented the public hearing on the proposed property tax levy for fiscal year 2025–26, saying the district would levy less in total property taxes next year than in 2024–25 because the district’s cash balances exceed the state threshold that allows a cash‑reserve levy.
Smith reported totals shown on the county notices: the district’s fiscal 2024–25 total property taxes levied were $28,822,306 and the proposed total for fiscal 2025–26 was $27,724,139. He said the operating levy rate would decline from about $13.46 to about $12.24 per $1,000 of taxable valuation. Smith…
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