Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Levy topic
No spam. Unsubscribe anytime.
CUSD 200 staff outline tentative 2025 levy: CPI, EAV and $194.3M projection
Summary
District finance staff presented the tentative 2025 tax levy, explaining PTELL/tax-cap constraints and CPI (2.9%) inputs, EAV growth and new-construction assumptions; staff projected a total levy near $194.3 million and said final figures will be set by the county clerk after bond sale and closing.
District finance staff delivered the board’s annual tentative tax-levy presentation, explaining how the Property Tax Extension Limitation Law (PTELL) and inputs such as CPI and equalized assessed value drive the levy request and what the board should expect for next year.
Dr. O'Keefe described the mechanics: the district submits a levy request that the county clerk converts into final extension and tax rates; the presentation used CPI from December 2024 (2.9 percent) as the driver for new operating dollars. "For this specific tax levy request, we are using CPI from December 2024... The actual year over year increase in CPI ... was 2.9%," he said.
Staff outlined the factors that produce the projection: residential properties make up about 80% of district EAV, commercial about 17%, and the district is using new-growth estimates (presented as $40 million in the presentation, with alternative estimates nearer $27 million). Using current inputs, staff presented an estimated total levy of about $194.3 million; they cautioned that the final debt-service extension will be recalculated after the January bond sale and February closing.
Board members asked about the mechanics of refunds and appeals and whether protests affect operating or debt calculations; staff explained refunds stem from post-billing protests/appeals of assessed value and that debt-service numbers will finalize at bond closing. Staff said they will return with five-year projections in January and the formal levy for board approval in December.
Next steps: staff to present updated five-year forecasts and final levy recommendation at upcoming meetings; the county clerk will publish final extensions after the district files its request and bonds are sold/closed.
