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CHSD 155 board approves 2025 tax levy after brief public hearing
Summary
After a public hearing with no speakers, the Community High School District 155 board approved a 2025 tax levy that includes a 2.9% inflationary increase tied to the CPI plus $17.8 million in new construction on the tax roll; the board also approved a related debt-service abatement for the district's 2025 general obligation bond.
The Community High School District 155 Board of Education on Dec. 9 convened a public hearing and then approved the district's 2025 certificate of tax levy.
Assistant Superintendent for Finance and Operations Kevin Warner presented the levy proposal, explaining that under the Property Tax Extension Limitation Law (PTELL) the district’s allowable increase to existing homeowners is limited to the lesser of the consumer price index or 5 percent. Warner said the recommended certificate includes a 2.9 percent inflationary increase tied to the CPI and adds $17,800,000 of new construction to the tax roll. "If approved, the cost to the average homeowner with a $250,000 house is an additional $52 per year or $1 per week for the upcoming tax year," Warner said.
Warner framed the recommendation by outlining 15 years of capital investment in district campuses and noting that fund balance ratios have declined from past levels. He told trustees the forecasted fund balance as a percentage of revenue would be about 48 percent under the recommended levy, which he said is in compliance with board Fund Balance Policy 04/20.
No members of the public offered comment during the hearing. After closing the hearing and returning to regular session, the board moved, seconded and approved the certificate of tax levy by roll call. Trustees also approved a companion resolution abating taxes "to pay debt services on the general obligation school bond series 2025," as presented by Warner.
The board’s motions were procedural and approved by roll call; no ballots or dissenting votes were recorded in the public transcript.
The action sets the levy amounts that will be used in tax-year 2025 billings; Warner said the district will continue to monitor fund balances and the effects of expiring pandemic-era support as the board plans budgets for the coming year.
