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Pleasant Valley Community School District adopts 2026–27 budget; levy rate falls to $11.87 per $1,000
Summary
The Pleasant Valley Community School District board adopted the 2026–27 budget and a property tax levy that dropped by 33¢ per $1,000 after state actions reduced local levy pressure. The board also learned bond proceeds are arriving to fund capital projects.
The Pleasant Valley Community School District board voted unanimously to adopt the district 2026 '7 budget and a property tax levy that will total $28,449,901 for the coming year, producing a levy rate of $11.86538 per $1,000 of taxable valuation (rounded to $11.87). A roll-call vote recorded every member in favor.
Administration told the board the levy shift reflected two state-level changes: the legislature set the supplemental state aid (SSA) factor at 2 percent and the state provided one-time funding to cover the budget guarantee. Those measures reduced what had been a worst-case 14-cent increase to a net 33-cent decrease compared with the earlier published estimate. "So our levy for next year then would be $11.86. Well, 11.86538," Finance staff said during the hearing on the levy.
Why it matters: the change lowers expected property-tax pressure for residents next year and affects district revenue planning. Administration said the district would levy $28,449,901 in property taxes for 2026 '7 and highlighted that because cash reserves exceed 20 percent the district could not levy for cash reserve this year.
Board discussion and process: The board held the required public hearing on the levy before the motion. Board members asked how the one-time state funding might affect future years if the budget guarantee is not funded again and whether the district could shift levies among funds to manage volatility. Administration explained options for adjusting the management fund or general fund levies but emphasized that statutory limits and taxable valuations would affect future flexibility.
Related financial updates: In the same session staff reported the district's general fund balance at the end of March was about $1,000,000 lower than a year earlier. The district also said it expected more than $13 million in bond proceeds to arrive the following day to pay for building construction at Pleasant View and a CTE addition at the high school.
Next steps: The adopted levy and budget will be reflected in the district '7 fiscal-year filings; staff said they will monitor state funding and taxable valuation changes that could affect the levy in future years.
