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Lee's Summit R‑VII schedules tax‑rate hearing as treasurer details $2M timing bump and bond proceeds
Summary
The finance committee set a Sept. 25 tax‑rate hearing and heard Treasurer Dr. Herzog explain a roughly $2 million revenue timing shift, a recent $45 million bond sale and the district's choice to reinvest maturing funds to lock higher yields.
On Aug. 18, 2025, the Lee's Summit R‑VII finance committee set the tax‑rate hearing for Sept. 25 at 6:30 p.m. and heard Treasurer Dr. Herzog outline recent revenue timing, investment moves and the effect of bond proceeds on the district's portfolio.
Dr. Herzog told the committee staff will present the full tax‑rate materials at the Sept. 25 hearing and that final approval of the rate is expected at the board meeting that evening. "So the date, for that tax rate hearing ... is September 25, so the same day as our board meeting, so at 06:30PM," he said.
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