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Quincy board reviews replacement-levy options and potential bond refunding, consultant outlines scenarios
Summary
Financial advisor Corey Plager outlined four replacement‑levy scenarios and described how booming local assessed value and a callable 2016 bond could affect taxpayers. Trustees discussed whether a $1.20–$1.25 levy would close an insurance and utilities funding gap and enable capital and security improvements; no final levy resolution was adopted.
Corey Plager, financial advisor with D.A. Davidson, told the Quincy School District board on a levy‑planning presentation that “levies are for learning, and this is flexible revenue.” He described replacement levies as an amount‑based local revenue source that requires a simple majority — “50% plus 1” — to pass and contrasted levies with capital bonds, which are validated and used for buildings.
Plager reviewed the district’s long history of local voter support and rapid assessed‑valuation growth tied to commercial and data‑center development. He said that growth has expanded the district’s…
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