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Moline-Coal Valley CUSD 40 board adopts estimated 2025 tax levy, citing rising property values and transportation costs
Summary
After a presentation on rising equalized assessed values and transportation proration, the Board of Education voted unanimously to adopt the district's estimated 2025 tax levy, projecting up to $59 million in potential extensions and an estimated tax rate near $5.0043 per $100 of EAV.
The Board of Education of Moline-Coal Valley CUSD 40 on Oct. 27 adopted its estimated 2025 tax levy after a presentation from district staff about property-value trends and funding assumptions. The motion to approve the estimated levy was made and seconded and passed by roll call vote.
Vincent, the staff presenter, outlined the levy timeline, said local revenue accounts for "about 65% of our budget," and described a district projection that could generate roughly $59,000,000 compared with $55,000,000 the prior year if equalized assessed value (EAV) increases as…
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