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Board reviews 2025 levy process and weighs $62.75M bond resolution; members ask for scenario modeling
Summary
Finance staff proposed levy timing and recommended asking for a levy amount that preserves the district's current maximum-rate protections; the board also discussed a resolution to issue and levy taxes for up to $62.75 million in bonds (new school plus refinancing), with members requesting detailed refinance vs. new-issue modeling ahead of a Dec. 17 action.
Business and finance staff presented the district’s 2025 tax-levy process and a proposed resolution to issue bonds not to exceed $62,750,000 to finance a new facility (the Wilder project) and to refinance certain outstanding bonds.
Mike McKenzie explained the levy process and timing constraints — the district asks for a dollar amount while the county later calculates the tax rate — and recommended asking for a higher levy request than expected to preserve the district’s ability to reach the maximum allowable education rate without returning to voters. “We…
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