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St. Charles CUSD 303 staff previews 2025 tentative tax levy, cites CPI cap and EAV growth
Summary
St. Charles CUSD 303 staff presented the district's 2025 tentative property-tax levy to the Business Services Committee on Oct. 27, emphasizing the request funds the budget already approved and explaining how Illinois's tax-cap rules and local assessed-value estimates shape the request.
St. Charles CUSD 303 staff presented the district's 2025 tentative property-tax levy to the Business Services Committee on Oct. 27, emphasizing that the levy is a request for revenue to fund the budget the board already approved and not a vote to raise tax rates. The district's presenter said state law (the Property Tax Extension Limitation Law, PTEL) limits new revenue from existing property to the lesser of 5% or the Consumer Price Index.
The presenter said the district is using conservative, slightly overestimated assumptions so that newly completed construction…
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