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

WATCH: ‘Partisans’ who want to should ‘get up and move’ from Illinois, Pritzker says

WATCH: ‘Partisans’ who want to should ‘get up and move’ from Illinois, Pritzker says

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – If you’re not willing to stick around and help make the state better, Illinois Gov. J.B. Pritzker...
Green-Garden-Township-Graphic.1

Green Garden Township Debates New Land Use Plan during Workshop, Pushes Potential Vote to October

Article Summary: The Green Garden Township Board reviewed a new draft Land Use Plan designed to protect the area's rural character while defining commercial and industrial corridors for the first...
Victims identified in Minneapolis Catholic school shooting

Victims identified in Minneapolis Catholic school shooting

By Jon StyfThe Center Square “As a family, we are shattered, and words cannot capture the depth of our pain.” Those are the words of the parents of 10-year-old Harper...
Pentagon to build new task force to counter drone threats

Pentagon to build new task force to counter drone threats

By Brett RowlandThe Center Square The Pentagon is creating a new task force to counter drone threats and keep U.S. airspace safe. Defense Secretary Pete Hegseth said the Department of...
'Horrendous' religious freedom violation leads to payout by Chicago Public Schools

‘Horrendous’ religious freedom violation leads to payout by Chicago Public Schools

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – A court-approved settlement of over $2.6 million is being paid to 207 former Chicago Public School students...
Extended Secret Service protection canceled for Kamala Harris

Extended Secret Service protection canceled for Kamala Harris

By Sarah Roderick-FitchThe Center Square More than seven months after leaving office, President Donald Trump is revoking the taxpayer-funded Secret Service protection detail of former Vice President Kamala Harris. Former...
Du Quoin State Fair gets $50M as senator defends two state fairs in Illinois

Du Quoin State Fair gets $50M as senator defends two state fairs in Illinois

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The Du Quoin State Fairgrounds have received over $50 million in upgrades, part of Gov. J.B....
WATCH: Pritzker alleges Trump election interference; tells disgruntled residents to move

WATCH: Pritzker alleges Trump election interference; tells disgruntled residents to move

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – In today's edition of Illinois in Focus Daily, The Center Square Editor Greg Bishop shares where there...
Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

Illinois quick hits: Foreign national indicted for fraud; Chicago Public Schools budget approved

By Jim Talamonti | The Center SquareThe Center Square Foreign national indicted for fraud A foreign national has been indicted in U.S. District Court in Chicago for allegedly defrauding numerous...
CA Supreme Court rejects GOP bid to stop redistricting

CA Supreme Court rejects GOP bid to stop redistricting

By Dave MasonThe Center Square The California Supreme Court rejected an emergency Republican petition to take congressional redistricting off the Nov. 4 ballot. "The petition for writ of mandate and...
Lawsuit links CA teen's suicide to artificial intelligence

Lawsuit links CA teen’s suicide to artificial intelligence

By Esther WickhamThe Center Square The parents of a California teenager who committed suicide sued OpenAI, alleging that ChatGPT taught him how to harm himself, according to a lawsuit the...
fall-festival-b2adf834-992f-4ebd-ac09-edfc1d11b40a-circle

Your Ultimate Guide to the 2025 Frankfort Fall Fest: Everything to Know for the Nationally-Ranked Event

FRANKFORT, IL – The heart of historic downtown Frankfort is set to transform into a vibrant hub of art, music, and community spirit for the 57th annual Frankfort Fall Festival. Running...
HHS, Department of Education announce nutrition reforms

HHS, Department of Education announce nutrition reforms

By Esther WickhamThe Center Square The U.S. Department of Health and Human Services, along with the U.S. Department of Education, announced this week an initiative urging medical education organizations to...
White House appoints interim CDC director; standoff continues with former director

White House appoints interim CDC director; standoff continues with former director

By Morgan SweeneyThe Center Square The White House has appointed Department of Health and Human Services Deputy Secretary Jim O’Neill as interim director for the Centers for Disease Control and...
WATCH: Pritzker claims Trump plans election interference with troop deployment

WATCH: Pritzker claims Trump plans election interference with troop deployment

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Illinois Gov. J.B. Pritzker says President Donald Trump only wants troops on the ground to interfere in...