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Finance chief recommends 2.9% 2025 tax levy request; explains tax‑cap, recapture and timeline
Summary
District finance staff recommended the board request a 2.9% 2025 tax levy and explained the distinction between levy and extension, tax‑cap limits (CPI or 5%), debt‑service extension adjustments and recapture levy mechanics; board will hold a public hearing and vote in November.
The district’s chief financial officer presented the recommended 2025 tax‑levy request at the Oct. 16 meeting and advised the board to seek a 2.9% levy increase, subject to later county calculations of equalized assessed value that determine the actual extension billed to taxpayers.
The presenter explained the distinction between the levy (the board’s request) and the extension (the actual billed amount determined…
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