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Park Ridge CCSD 64 adopts 2025 tax levy, approves $24.5 million bond issuance and supplemental levy

December 19, 2025 | Park Ridge CCSD 64, School Boards, Illinois


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Park Ridge CCSD 64 adopts 2025 tax levy, approves $24.5 million bond issuance and supplemental levy
The Park Ridge Community Consolidated School District 64 Board of Education adopted its final 2025 tax levy on Dec. 18, 2025, and voted to proceed with a referendum bond issuance and a supplemental levy to cover updated debt-service needs. The actions passed by recorded roll-call votes after the board convened a public hearing earlier in the meeting.

The board first convened a public hearing on the 2025 levy for transparency and reviewed fund balances as of June 30: Educational $25,449,863; Operations & Maintenance $6,573,358; Debt Service $1,999,556; Transportation $3,960,203; Municipal Retirement/Social Security $974,313; Capital Projects $56,885,708; Working Cash $2,902,498; Tort $306,816. "Let the record reflect that this is the 2025 tax levy hearing conducted by the Board of Education of Community Consolidated District number 64," Speaker 10 said while reading statutory notice language and fund balances.

Following the hearing, Speaker 12 moved the adoption of the attached resolutions providing for the 2025 levy and instructions to the Cook County Clerk and related IMRF/municipal retirement actions; the motion passed on a roll-call vote with the trustees present voting in favor. The board later approved a resolution declaring the intent to sell building bonds not to exceed $24,500,000 to fund projects approved by referendum and directed staff to pursue that issuance in early January. "This is the final issuance of those referendum bonds, and we'll be looking to issue them in early January," Speaker 10 stated.

The board also adopted a supplemental tax levy tied to 2024 non-referendum working-cash fund bonds to reflect CPI adjustments and ensure sufficient debt-service funding. Administration explained the supplemental levy is a routine step because CPI estimates used at issuance can differ from actual CPI; the supplemental action ensures the district can meet principal and interest requirements.

All formal motions were seconded and adopted by roll call. The board recorded votes for each motion during roll-call; the meeting minutes capture the individual trustee responses.

The board's adoption of the levy and bond-authority resolutions follow the district's prior tentative levy approval and the public notice published in the Park Ridge Herald Advocate. District administrators said the fund balances remain below the threshold that would require a formal operating-fund reduction plan to the state.

Next steps: district administration will file the adopted resolutions and supporting documentation with the Cook County Clerk's Office and proceed with bond-issuance preparations. The board closed the tax-levy hearing and resumed regular session before moving on to other business.

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