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USD 453 reviews revenue-neutral tax-rate figures; action deferred to September
Summary
Board received informational presentation on the revenue-neutral tax rate for the 2025–26 budget showing proposed taxes to be levied rising from $14.27 million (2024–25) to $16.09 million (2025–26); trustees will take action in September after an August update.
The USD 453 Board of Education reviewed revenue-neutral tax-rate information on July 14 as part of required annual notices to the county clerk. Staff presented estimates showing total taxes levied for fiscal year 2024–25 were $14,269,570 and that the proposed taxes to be levied for 2025–26 are $16,092,680.
Staff explained the change reflects increasing property valuations and declining state aid calculations driven in part by falling student enrollment. The presentation listed the funds with tax levies as the general fund, supplemental general fund, capital outlay and the bond and interest fund. State aid percentages shown in the materials fell across those levied funds (for example, supplemental general fund state aid shown dropping from 54% to 49.5%).
The board did not act on the tax rate at the July meeting; staff indicated the figures will be published to the county clerk as required and that trustees will receive an update in August with formal action scheduled for the regular September meeting.
What happens next: staff will publish the required revenue-neutral notice to the county and return to the board for formal tax-rate action in September after an August update on the budget.
