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Warren Township D121 reviews five‑year financial projections and approves 2025 levy estimate
Summary
Board reviewed five‑year operating projections, discussed revenue and expenditure assumptions including teacher‑retirement savings, then approved a resolution estimating the 2025 aggregate tax levy; trustees were told the average $400,000 homeowner could see about a $95 increase next year.
Warren Township High School District 121 trustees on Nov. 18 heard a multi‑year financial projection and approved a resolution estimating the district's 2025 aggregate tax levy.
A finance presenter reviewed assumptions used in a five‑year projection, including a 3% annual increase in equalized assessed valuation, an estimated $7 million in new construction, and a 2.9% consumer price index. The presenter said salary and benefit increases were modeled conservatively and that teacher‑retirement savings — replacing higher‑paid…
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