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District forecast shows roughly $11.1 million swing tied to property tax changes
Summary
At a finance work session, district finance staff presented a five-year forecast that shows an estimated $11.1 million negative swing by 2030 largely attributed to recent property tax reform; the presenter urged modeling levy and capital options with the incoming superintendent.
At a February finance work session, district finance staff presented a five-year financial forecast that projects an approximately $11,100,000 negative swing in 2030 tied mainly to recent property tax reform, and urged the board to begin coordinated planning on levy and capital options. "It's about an $11,000,000 swing," the presenter said, summarizing the most significant change from earlier projections.
The presentation traced how recent legislation will limit inside-millage growth and alter floor calculations that previously aligned districts with a 20-mill floor. The presenter summarized several bills (spoken in the session as "House bill 30," "House bill 335," "186" retroactive to 2023, and "129" affecting fixed-sum levies) and explained their effects: inside millage…
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