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Plainfield SD 202 finance committee previews tax-levy numbers, formalizes fund‑balance rules and pares capital plan
Summary
Finance staff told the Oct. 15 committee that preliminary county valuations and CPI assumptions produce a projected tax extension of about $225.5 million, recommended a flowchart to treat certain reserves as restricted when assessing the district’s 30–50% operating fund target, and proposed paring 2025–26 capital work from roughly $18.5 million to $4.4 million.
Plainfield School District 202 finance staff presented a preliminary tax‑levy outlook, a recommended fund‑balance strategy and a trimmed capital projects list at a committee meeting on Oct. 15.
Tax‑levy and valuation preview
Staff reported an Oct. 1 projected net equalized assessed valuation (EAV) near $5.8 billion and noted a projected adjusted valuation base used in calculations of about $5.7 billion. Using a current consumer‑price index figure of 2.9% (the lower of CPI or the statutory 5% cap), staff said the district projects a tax extension in the order of $225,500,000 for the coming levy.
Fund‑balance strateg…
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