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CHSD 94 presents tentative 2025 tax levy estimate of $33.2 million, expects adjustment for abatements
Summary
District finance staff presented the formula and assumptions used to calculate the tentative 2025 tax levy request, citing a December CPI of 2.9%, a conservative new‑construction estimate of $15 million and expected abatements that would lower actual receipts.
Community High School District 94 finance staff presented the district's tentative 2025 tax levy at the November Committee of the Whole, outlining the assumptions that produced a requested extension of $33.2 million and the likely adjustments before actual receipts.
The presenter explained that the tax levy is the dollar amount the district requests to meet anticipated needs, and the tax rate is the levy divided by equalized assessed valuation (EAV). The presentation reviewed the Property Tax Extension Limitation Law (PTELL), commonly called the tax cap law, and…
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