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Round Lake Area board adopts 2025 aggregate tax levy after truth-in-taxation hearing
Summary
After a public truth-in-taxation hearing, the Round Lake Area Board of Education adopted its 2025 aggregate tax levy and accompanying resolutions. Administration requested a ballooned 4.97% extension (anticipating receiving about 2.97%); board approved the package by roll call.
The Round Lake Area Board of Education voted Nov. 17 to adopt the district—s proposed 2025 aggregate tax levy following a truth-in-taxation hearing and public comment.
Administration presented the levy estimate and explained the mechanics under the Property Tax Extension Limitation Law (PTEL). Staff said the district requested a 4.97% ballooned extension for levy year 2025 but expects statutory limits and updated equalized assessed valuation (EAV) in spring to determine the amount ultimately collected (administration estimated it would receive about 2.97%). The presenters said consumer price index for the levy calculation is 2.9% and the county—s estimated EAV for the district is roughly $724 million. New-growth value is small in this budget cycle (about $588,000), producing approximately…
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