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District proposes lower maximum property tax levy; CFO cites valuation gains and end of early retirement costs
Summary
CFO Adam Kurth told the board the district will publish a preliminary maximum levy of $16.10 per $1,000 taxable valuation for FY26, a decline driven largely by increased property valuations and the end of a multi‑year early retirement program.
The Iowa City Community School District presented its preliminary certified budget and proposed maximum property tax levy at the Feb. 25 board meeting. CFO Adam Kurth said the district proposes a total maximum levy of $16.10 per $1,000 of taxable valuation for fiscal year 2026.
Kurth told the board the proposed decline in the levy follows two main factors: an increase in taxable property valuations in the district (a 3.2% valuation increase cited in his slides) and the conclusion of a multi‑year early retirement program that had previously driven levy…
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