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Board schedules public hearing on 2025 tentative property tax levy; district finance staff outline levy process
Summary
Community Consolidated School District 46 presented a tentative 2025 property tax levy, explained the Property Tax Extension Limitation Law (PTELL) and set a public hearing for Nov. 19; the board approved a resolution to publish notice and schedule the hearing.
The Community Consolidated School District 46 Board of Education received a presentation on the proposed 2025 property tax levy and voted Oct. 15 to adopt a resolution scheduling a public hearing on Nov. 19 and to publish legal notice, district finance staff said.
District staff explained the levy process, noting that the Property Tax Extension Limitation Law (PTELL) limits the amount property tax revenue may increase year over year to the lesser of 5 percent or the change in CPI plus new construction. The presenter identified the December 2024 consumer-price index (CPI) used for the 2025 levy as 2.9 percent and reviewed how equalized assessed value (EAV) and new construction factor into the Lake County Clerk’s calculation of final extensions.
Key figures presented by district staff included an estimated new-construction value of $948,149; a prior-year extension cited in the presentation of $42,651,785; and a proposed extension of $44,031,779 (presentation text). Staff also said the district had added $451,000 in state grant proceeds to the capital project budget elsewhere in the meeting.
The board approved a resolution to adopt the tentative levy and to publish the required legal notice and the public-hearing schedule. The presenter said the adopted levy will be filed with Lake County by Dec. 23, the statutory deadline for school districts.
Board members asked clarifying questions about the CPI figure and the levy timetable; the presenter confirmed the 2.9 figure represented the December 2024 CPI used for tax year 2025.
The district emphasized the local nature of operating revenue, noting property taxes supply roughly 56 percent of operating funds and that salaries and benefits are the largest spending categories. Staff said the levy process aligns with the district’s strategic priorities and Board Policy 04/2020 on maintaining a fund balance between 25 and 30 percent for operating expenditures.
The board’s vote to schedule the public hearing and publish notice carried by recorded aye votes.
