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Board adopts maximum proposed levy ceiling, sets Truth in Taxation hearing
Summary
The board voted to adopt the district’s maximum proposed levy ceiling for 2025 payable 2026 and set the Truth in Taxation hearing for Dec. 3; staff said the preliminary levy increase is about $3.67 million (around 5.8%), with example impacts shown for typical home values.
The board voted to adopt a preliminary levy ceiling for 2024 payable in 2025 and scheduled the Truth in Taxation hearing.
Marie, presenting the levy run, explained the levy is the ceiling the district will certify by Sept. 30 and may be reduced later; she described factors that drive levy changes including net tax capacity, pupil counts and a 2.4% referendum inflationary increase. Marie told trustees the preliminary net levy change is $3,672,196 (presented as about 5.88%, later noted to be 5.83% when state calculations updated). She gave examples of taxpayer impact from the run: an estimated $130 annual change on a $500,000 home and other scenario numbers for $400,000 and $750,000 properties.
Chair Sherman moved to adopt the maximum proposed levy ceiling and set the Truth in Taxation meeting for Dec. 3; the motion was seconded and passed by voice vote. Board discussion included clarifications that the homestead market value exclusion change was a state action that affects school, city and county tax impacts and that the levy ceiling can be reduced at the December certification meeting.
