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Woodland CCSD 50 finance staff outlines proposed 2024 tax levy, recommends truth-in-taxation notice
Summary
District finance staff told the board the district will request an estimated 4.88% operating levy (4.88% operating; 5.51% total including bonds) and recommended publishing the truth-in-taxation notice ahead of the Nov. 12 hearing; board members asked clarifying questions about CPI, EAV and filing deadlines.
Chris Bobek, presenting the district's tax-levy notification report, told the Woodland CCSD 50 board on Oct. 24 that the district plans an estimated operating levy request of 4.88 percent for 2024 and a combined total levy (including bond interest) of about 5.51 percent. He described the filing timeline, the truth-in-taxation publication window and the mechanics that link CPI, equalized assessed value (EAV) and the Property Tax Extension Limitation (tax-cap) law.
"We do the notification report in October with the tax-levy hearing and approval in November," Chris said, noting the legal notice must run within seven to 14 days before the levy hearing and that the statutory filing date falls in December. He told the board the district is not planning to levy above the 5 percent cap on operating funds and explained that bonds and bond interest are excluded from the PTELL calculation.
Chris reported an 11.24 percent increase in district EAV in the latest county numbers and explained why the district often requests slightly more than the CPI figure to capture new construction growth. He said the district's estimate assumes a CPI of roughly 3.4 percent and described the decision to place the public notice in the Nov. 12 paper to meet publication deadlines.
Board members asked questions about what the published notice will show, whether charter schools are included in the posted comparison data, and when the district will circulate the final figures; Chris said he will provide the finalized numbers once the county posts final EAV figures.
The presentation also reviewed statutory and administrative details about levy use (salaries, benefits, operations, transportation), bond schedules through 2037, and new state reporting requirements related to fund-balance presentations. Chris said the district remains comfortably under a new 250 percent fund-balance threshold the state described and will provide clarifying materials to the board ahead of the levy hearing.
