Screenshot 2025-11-21 at 12.07.45 PM

Peotone School Board Approves Tentative Tax Levy, Advances $4.9M Bond Issuance

Spread the love

Peotone School Board Meeting | November 17, 2025

Article Summary:
The Peotone School District 207-U Board of Education on Monday, November 17, 2025, approved a tentative $15.66 million tax levy and voted to move forward with issuing up to $4.965 million in working cash bonds to fund the current budget.

Tax Levy and Bonds Key Points:

  • The board approved the tentative 2025 tax levy, which is scheduled for formal adoption on December 15.

  • The board voted 5-1-1 to declare its intent to issue up to $4.965 million in working cash bonds, with one member voting no and one abstaining.

  • A public hearing regarding the bond sale is now scheduled for the December 15 board meeting.

  • The financial actions are based on a projected 11.85% increase in the district’s Equalized Assessed Value (EAV).

PEOTONE, IL — The Peotone School District 207-U Board of Education took two significant financial steps on Monday, November 17, 2025, approving its tentative 2025 property tax levy and advancing a plan to issue nearly $5 million in working cash bonds.

The board unanimously approved a tentative tax levy request of $15,657,873. Business Manager Adrian Fulgencio explained that this “balloon levy” is a standard practice to ensure the district captures all available revenue based on final property values. The district anticipates receiving an extension of approximately $15.46 million, factoring in a 2.9% Consumer Price Index increase and a projected 11.85% rise in Equalized Assessed Value (EAV). The final levy is scheduled for adoption at the December 15 meeting.

In a more contentious move, the board voted 5-1-1 to approve a resolution declaring its intent to issue up to $4,965,000 in working cash fund bonds. Trustee Ashley Stachniak voted against the measure, and newly sworn-in Trustee Robert Janeliunas abstained. The board then voted 6-1, with Stachniak again dissenting, to schedule a public hearing on the matter for its December 15 meeting.

The bonds are intended to provide the district with operating funds for the current budget.

Before the vote, Trustee Jennifer Moe, who has been critical of issuing working cash bonds in the past, explained her vote in favor. “I did vote in favor of the last budget, and so it’s my individual duty to fund that budget,” Moe said. “I believe that to fund it right now, this is definitely the right move for right now.”

Following the board’s declaration, the public has a 30-day period to file a petition signed by at least 794 registered voters (10% of the district’s total) to force the bond issue onto the ballot for a public referendum. If no such petition is filed, the board will be authorized to issue the bonds.

Events

No events

Leave a Comment





Latest News Stories

Screenshot 2025-11-05 at 4.02.49 PM

Will County Committee Advances Gougar Road Bridge Project with Over $540,000 in Agreements

Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved two key agreements for the Gougar Road bridge project in New Lenox,...
Will County Logo Graphic

Commission Approves Mokena-Area Garage Variance Over Village’s Objection

Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission approved a variance for a new garage in unincorporated Frankfort Township...
Peotone-Junior-High-School-scaled-1

Residents Clash on School Funding, Citing Low Tax Rate vs. “Wasteful” Spending at Committee Meeting

Peotone School Board Committee of the Whole Meeting | October 27, 2025 Article SummaryThe Peotone School Board heard conflicting public perspectives on its long-standing financial crisis, with one resident presenting...
Joliet-Junior-college.-Graphic-Logo.4

JJC Receives Surprise $1.9 Million from IRS Employee Retention Credit

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College has received an unexpected $1.9 million windfall from the federal Employee Retention Credit (ERC), a...
Joliet-Junior-college.-Graphic-Logo.2

JJC Advances ERP Modernization with New Vendor and Two-Year Budget

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryJoliet Junior College is entering the next phase of its Enterprise Resource Planning (ERP) system overhaul, with the...
Screenshot 2025-11-06 at 4.17.02 PM

Will County Committee Shapes 2026 Legislative Agendas on Housing, Energy, and Health

Meeting Summary and Briefs: Will County Legislative Committee for November 4, 2025 Article Summary: The Will County Legislative Committee advanced key priorities for its 2026 state and federal legislative agendas, focusing...
Joliet-Junior-college.-Graphic-Logo.4

JJC Authorizes Land Buy for Grundy County Expansion, Secures Site in Morris

Joliet Junior College Board of Trustees Meeting | October 15, 2025 Article SummaryThe Joliet Junior College (JJC) Board of Trustees has authorized negotiations for a land acquisition to build a...
will county board graphic

Commission Grants Green Garden Solar Farm Project Variance Extension

Will County Planning and Zoning Commission Meeting | November 4, 2025 Article Summary: The Will County Planning and Zoning Commission granted a 180-day extension for two variances related to a commercial...
Screenshot 2025-11-06 at 7.52.36 AM

Peotone School Committee: Issue $4.85M Bond to Cover Deficit, Maxing Out Debt Capacity

Peotone School Board Committee of the Whole Meeting | October 27, 2025 Article SummaryPeotone School District 207-U is preparing to issue up to $4.85 million in working cash bonds to...
Will Dial-A-Ride Service

Will County Committee Advances Phased Takeover of Central Will Dial-A-Ride Service

Will County Public Works & Transportation Committee Meeting | November 2025 Article Summary: The Will County Board approved a five-year plan to consolidate the Central Will Dial-A-Ride service into its...
Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

Everyday Economics: Rate cut debate: Reading mixed signals in a fragile economy

By Orphe DivounguyThe Center Square The Federal Reserve cut interest rates last week, but the decision was far from unanimous. Two members of the Federal Open Market Committee (FOMC) dissented...
Arizona looks to legal immigration with Trump's border security

Arizona looks to legal immigration with Trump’s border security

By Andrew RiceThe Center Square As President Trump approaches the one year mark in office, apprehensions at the southern border have dropped significantly. States along the southern border, including Texas,...
Ranchers decry beef imports from Argentina, expert says good start

Ranchers decry beef imports from Argentina, expert says good start

By Brett RowlandThe Center Square Consumers feeling the pang of high beef prices at the grocery store may see some relief from a plan to import beef from Argentina but...
Lawmakers introduce bills to slash their own pay during government shutdowns

Lawmakers introduce bills to slash their own pay during government shutdowns

By Thérèse BoudreauxThe Center Square With the ongoing government shutdown dragging on for a record-breaking period of time, U.S. lawmakers are introducing bills to make shutdowns as painful for Congress...
Trump considers military action to stop Christian genocide in Nigeria

Trump considers military action to stop Christian genocide in Nigeria

By Bethany BlankleyThe Center Square President Donald Trump has directed the Department of War to prepare for possible action in Nigeria to target Islamic militants committing genocide against Christians. “If...