Lee's Summit R‑VII schedules tax‑rate hearing as treasurer details $2M timing bump and bond proceeds
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.
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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.
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