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Board adopts 2025 tax levy, approves intergovernmental agreement, construction GMP and several consent items
Summary
In a series of roll-call votes Dec. 8, the Moline-Coal Valley School District board adopted the 2025 tax levy, approved a tax abatement for debt service, authorized a 10-year intergovernmental agreement with the City of Moline, accepted construction bids incorporated into a revised Estes Construction GMP of $29,415,321, and engaged Leggett Architects for restroom upgrades (~$270,000), among other consent items.
The Moline-Coal Valley CUSD 40 Board of Education approved multiple fiscal and construction items during the Dec. 8 regular meeting.
Key votes and outcomes:
- 2025 tax levy resolution: The board moved, seconded and adopted the official 2025 tax levy for Moline-Coal Valley CUSD 40 by roll call (motion carried). District staff explained a state formula requiring review of a three-year average of operating expenses against cash reserves and said the district remains well below the statutory reserve threshold, with an illustrative maximum allowable reserve of up to…
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