Kaneland board approves $75.39 million 2025 tax levy, citing $22 million in new construction
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Summary
The Kaneland CUSD 302 Board of Education approved a $75.39 million 2025 property tax levy (operating $63.04M; bond & interest $12.35M). District officials said new construction and rising equalized assessed value moderated the tax rate to a tentative $5.23 per $100 assessed value.
Kaneland CUSD 302’s board voted unanimously Tuesday to adopt a $75,393,050 property tax levy for 2025, a package administrators said will support operations while reflecting significant new construction in the district.
Dr. Bogan, the district’s presenting administrator, said the board’s tentative levy approved in October remains unchanged: the package includes a $63,040,000 operating levy and $12,353,050 for bond and interest. He said the district is estimating about $22,000,000 in new construction in the tax base this year, and that the total levy represents a 3.88% increase from last year while producing a lower tentative tax rate of $5.23 per $100 of assessed value compared with $5.89 the prior year. “One of the biggest drivers is equalized assessed value, including new construction,” Bogan said.
Nut graf: The levy funds general operations and debt service across several funds; administrators provided a fund-by-fund breakdown and said the district remains well below statutory reserve thresholds. The proposed levy shows $47,500,000 for education operations, $7,050,000 for operations and maintenance, $1,900,000 for transportation, $100,000 in working cash, $690,000 for IMRF, $900,000 for Social Security, and $4,900,000 for special education, per the presentation.
Board members had no public comments during the hearing and moved directly to approval. A motion to adopt the levy passed on a roll call vote recorded as unanimous (6-0). The board president called the motion carried and noted the levy will be posted on the district website as required.
The board and administration said they will continue to monitor reserve levels and statutory limits; Bogan referenced the public act that restricts operational fund balances to no more than 2.5 times the operating budget and noted the district typically maintains about 45 days cash on hand.
The board’s next steps are procedural filing and posting of the levy amounts and any required county notifications. No member requested amendments during Tuesday’s vote.