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Cascade board OKs state-recommended Construction Excise Tax increase effective July 1, 2026
Summary
The board approved the state-recommended Construction Excise Tax rate increases: residential $1.70/sq ft and non-residential $0.85/sq ft (non-residential maximum $42,400), effective July 1, 2026.
The Cascade School District #5 Board on Jan. 12 approved an annual resolution adopting the state-recommended Construction Excise Tax (CET) rates. Finance Director Mr. Wang and Acting Superintendent Jason Weeks provided context on the use of CET revenue and the fact that the board traditionally approves the recommended rate to maintain consistency.
Under the resolution the new CET rate effective July 1, 2026 will be $1.70 per square foot for residential construction and $0.85 per square foot for non-residential construction, with a non‑residential maximum of $42,400. Mr. Wang answered board questions about the increase amount; the minutes indicate the board approved the resolution on a motion by Ruth Stevens, seconded by Aaron Lee, and the motion carried unanimously.
Board members asked for the missing attachment that had not been included in the board book; staff acknowledged the missing material and confirmed this is an annual resolution presented for routine adoption.
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