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Davenport board hears budget update as published levy lands at $12.97 per $1,000
Summary
Finance staff told the board the district's published FY27 budget shows a combined property tax levy of $12.97 per $1,000; earlier tonight a separate public hearing listed a proposed levy of 13.07078 per $1,000, but the state budget-guarantee adjustment lowered the published figure. Staff highlighted solvency risks and large near-term capital spending tied to recent bond proceeds.
The Davenport Community School District board received a detailed budget presentation showing the FY25 actuals, FY26 re-estimates and the FY27 proposed budget across general, capital, debt and special revenue funds.
Kevin, the district's finance lead, told the board that the published FY27 combined tax levy in the Department of Management form is $12.97 per $1,000 of taxable valuation. He explained that an earlier levy figure presented at the hearing (13.07078 per $1,000) changed after the state applied a budget-guarantee adjustment: "This budget shows a $12.97 tax levy," he said.
Why it matters: the levy affects local property owners and the district's ability to…
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