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District 186 proposes $129.39M levy estimate, schedules truth-in-taxation hearing for Dec. 1
Summary
Business manager Steve Miller presented the district's cash position, outstanding state payments and a proposed estimated levy of $129,391,117. The board adopted a resolution to publish notice and hold a public hearing on Dec. 1, 2025; the roll-call vote was 7–0.
Business manager Steve Miller presented the district's finance report, including outstanding state payments of $434,506.44 (as of Oct. 27, 2025), capital-project fund balances (ending balance reported at $95,185,644.06 as of Sept. 30, 2025) and sales-tax receipts of $1,337,843 for the June reporting period. Miller described the levy process under PTELL (property-tax caps) and said staff had calculated an estimated aggregate levy of $129,391,117.
Miller explained the district's approach to "ballooning" the levy (asking for a slightly higher estimate than the CPI increase to avoid losing newly assessed property revenue to other taxing bodies) and noted the legal threshold for a Truth-in-Taxation hearing if a district seeks more than a 5% increase or otherwise triggers the law. He recommended setting a public hearing on the levy for 6:30 p.m. on Monday, Dec. 1, 2025, and to authorize staff to publish the required notice.
The board adopted the resolution to set the estimated levy at $129,391,117 and to publish and hold the public hearing on Dec. 1, 2025. The roll-call vote recorded in the transcript was 7 ayes, 0 nays. Miller summarized upcoming bond-payment and CFST savings timelines and advised the board that the levy numbers can be adjusted in subsequent meetings before the final December adoption.
Why it matters: the levy estimate begins the public process for determining property-tax revenue that funds district operations and capital needs. For a PTELL district, getting levy estimates correct affects the district’s ability to "capture" new property tax revenue and avoid permanently losing revenue to other local taxing bodies.
Supporting quote: "The levy is actually how much we will ask the county clerk for. What we get is actually called the extension," Miller told the board while explaining the mechanics of local property-tax law.
Ending: staff will publish the Truth-in-Taxation notice and return to the board with a full levy presentation on Nov. 17, and the public hearing will be held Dec. 1 with final levy adoption scheduled in December.
