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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 expected. "If we did have a 6.5% increase in EAV for a homeowner, they would see a $113 increase on their property tax bill," Vincent said while explaining the household impact of an assumed 6.5% EAV rise.
Staff measured revenue sources as approximately 65% local, 27% state and 8% federal, and walked the board through fund-rate components, including an education rate cited at $3.27 per $100 of EAV, operations and maintenance at $0.75, and special education at $0.04. Vincent said the district estimates a tax rate of 5.0043 per $100 of EAV for the upcoming levy, compared with 4.9906 the previous year, and characterized that difference as about one cent per $100 of EAV.
Transportation funding drove part of the recommended change. Vincent said the state will prorate transportation reimbursements at an estimated 61% next year, and to address the uncertainty he proposed increasing the transportation levy to 1.85 per $100 of EAV. He said other adjustments — including lowering levies for IMRF and Social Security — reflect available fund balances that staff expects to use rather than changes to employee benefits.
Board members asked whether state evidence-based funding tiers or other state-budget shifts could alter projections; Vincent replied the district expects to remain in tier 1 and said the levy was calculated conservatively to avoid overreliance on optimistic state revenues.
The board voted by roll call to adopt the estimated levy; the motion carried with recorded "Aye" votes from members present. The district plans a formal Truth in Taxation hearing and final levy adoption at a later public meeting, and will file the levy with the county before the statutory deadline in December.
