Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Levy topic
No spam. Unsubscribe anytime.
Gavin SD 37 proposes 4.97% 2025 levy ask; staff says county extension likely lower at 2.9%
Summary
Board packet shows the district will ask for a 4.97% levy increase (ASK $7,400,421) while staff estimates an extension of $7,267,538 based on a 2.9% CPI; timeline requires adoption and filing by the last Tuesday in December.
Get email alerts on the Tax Levy topic
No spam. Unsubscribe anytime.
District staff presented the proposed 2025 tax levy and the mechanics for translating a levy ask into an extension. The packet stated: "2025 Levy = ASK - $7,400,421 which is 4.97% (Capped Levy 5%)." Staff explained that extension calculations are driven by county EAV and the Consumer Price Index; the packet notes "The CPI used for the 2025 Tax Levy is the December 2024 CPI, which is 2.9%."
Presenters told the board the levy must be filed with the county clerk before the last Tuesday in December and that the district will present a proposed levy for adoption on Dec. 17, 2025. Staff cautioned that because Gavin SD 37 covers about seven square miles with little new construction, EAV-driven growth is limited and the district typically levies near the PTELL cap to preserve access to revenue if final numbers exceed projections.
Board members were shown comparative tables and a "Comparison Analysis" explaining the Truth in Taxation requirements; staff identified an estimated extension of $7,267,538 (2.9% CPI) and said the estimate represents an increase of $219,818 over the previous year.
