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Board adopts 2025 property‑tax levy of $55.4 million and ratifies October payments; members debate tax increases and spending
Summary
The board adopted an aggregate 2025 property‑tax levy totaling $55,408,404 after a public hearing and debate; it also approved an abatement for bond principal and ratified October board bills totaling roughly $2.4 million. The levy vote passed by majority after extended discussion about lost state funding and local tax impacts.
The Waukegan Board of Education formally opened its required hearing on the 2025 property‑tax levy and after public comment adopted an aggregate levy of $55,408,404.
A district finance staff member told the board the recommended levy follows Truth in Taxation practice and is proposed “up to 4.9998% greater than what we extended last tax year” so the district can evaluate final extension figures when equalized assessed valuations are known. The staff member said the levy request is intended to avoid further erosion of the district’s tax base and to provide flexibility should state aid be delayed or reduced.
Board members debated the decision at length. Several members said holding the tax rate level over…
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