St. Vrain board certifies $20.25 mill levy as assessed values rise 9.1%
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Summary
The St. Vrain Valley School District No. Re1J board on Dec. 3 certified $20.25 in mill levies to four counties after staff reported a 9.1% rise in net assessed value to $5.8 billion and clarified that the districtdebt-service levy remains unchanged at 16.728 mills.
The St. Vrain Valley School District No. Re1J board on Dec. 3 voted to certify $20.25 in mill levies to Boulder, Weld, Larimer and the city and county of Broomfield, after staff said the districtnet assessed value rose 9.1% year over year to $5,800,000,000.
Justin, the staff presenter for the levy item, told the board, "The board has asked to certify the $20.25 mill levy rates to the counties of Boulder, Weld, Larimer, and the city and county of Broomfield." He explained the statutory certification timeline and said counties must provide final assessed values by Dec. 10 before the districtboard must certify levies to the counties by the statutory Dec. 15 deadline.
The presentation said the 9.1% increase reflects normal reassessment-year components: county market adjustments, new construction and a state change to residential assessment rates. The staff noted an "abatement levy" component that recovers prior-year abatements the counties granted, and that the voter-approved debt-service levy for bonds is unchanged. "That number is the one that we are not increasing," Tony, the district CFO, said of the debt-service levy, which staff reported as 16.728 mills.
Director Neosha Babs asked why some voters might see an increase after prior communications showed no change. Staff clarified that the debt-service portion remained flat and that minor increases were tied to other levy components returning to historical levels and abatement adjustments rather than a new debt-service request.
The board moved and seconded approval of item 8.1. Roll-call votes were: Neosha Babs yes; Jim Berthold yes; Jocelyn Gilligan yes; Sarah Harenik (appearing in roll call as Hranick earlier) yes; Gino Lechuga absent; Karen Ragland aye; Mrs. Weiss yes. The motion carried.
What happens next: staff will transmit the certified mill levies to county treasurers for collection. Counties will apply final assessed values and collection rules in their tax notices.
Provenance: topic introduced at SEG 204 ("We'll start with 8.1 recommendation certification of $20.25 mill levies.") and the vote completed at SEG 440 (roll call and "Thank you so much, Christy.").