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

Vance to visit Fort Campbell before Thanksgiving

Vance to visit Fort Campbell before Thanksgiving

By Brett RowlandThe Center Square Vice President J.D. Vance will visit Fort Campbell in Kentucky ahead of Thanksgiving to celebrate with Army service members. Vance, 41, and his family will...

WATCH: Trump calls Pritzker a ‘fat slob,’ Illinois governor blasts president

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – President Donald Trump has revived his criticism of Illinois Gov. J.B. Pritzker over crime, and Pritzker has...
D.C. Mayor Muriel Bowser won't seek reelection

D.C. Mayor Muriel Bowser won’t seek reelection

By Sarah Roderick-FitchThe Center Square Washington, D.C., Mayor Muriel Bowser announced she will not be seeking reelection. The Democratic mayor has served as the second female mayor of the nation’s...
Screenshot 2025-11-21 at 12.07.45 PM

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

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...
Illinois business group warns of 'backbreaking' progressive income tax

Illinois business group warns of ‘backbreaking’ progressive income tax

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – Manufacturers say legislators at the Illinois State Capitol have done enough damage and a progressive tax would...
Trump's ACA tax credit extension proposal delayed after GOP pushback

Trump’s ACA tax credit extension proposal delayed after GOP pushback

By Thérèse BoudreauxThe Center Square After facing backlash from Republican leaders, the White House is backing away from its proposal to extend the enhanced Obamacare Premium Tax Credit for two...
EXCLUSIVE: Texas rep calls on Trump to get Texan released from Mexican prison

EXCLUSIVE: Texas rep calls on Trump to get Texan released from Mexican prison

By Bethany BlankleyThe Center Square Texas state Rep. Jay Dean, R-Longview, is calling on President Donald Trump, Gov. Greg Abbott, Secretary of State Marco Rubio, U.S. Senators Ted Cruz and...
Illinois tops U.S. in pumpkin production despite recent decline in value

Illinois tops U.S. in pumpkin production despite recent decline in value

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Despite a recent decline in production value, Illinois is far and away the leader when it comes...
Congress moves to restore federal union powers, critics warn of higher costs

Congress moves to restore federal union powers, critics warn of higher costs

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – The U.S. Congress is set to vote on House Resolution 2550, a bill that would restore...
Illinois quick hits: Chiropractor sentenced for fraud; fatal airport shooting investigation

Illinois quick hits: Chiropractor sentenced for fraud; fatal airport shooting investigation

By Jim Talamonti | The Center SquareThe Center Square Chiropractor sentenced for fraud A Chicago chiropractor has been sentenced to nearly six years in federal prison for billing a private...
Screenshot 2025-11-21 at 10.19.55 AM

Lincoln-Way 210 Receives Clean Audit, Financial Profile Score Downgraded to ‘Review’

Lincoln-Way Community High School District 210 Meeting | November 20, 2025 Article Summary: Lincoln-Way District 210 received a clean, unmodified opinion for its Fiscal Year 2025 audit, the highest rating possible....
Will County P&Z Logo Planning Zoning.2

Committee Grants Lenox Solar Farm Project Six-Month Variance Extension

Will County Planning and Zoning Commission Meeting | November 18, 2025 Article Summary:The Will County Planning and Zoning Commission has approved a 180-day extension for variances tied to a commercial...
Will County Logo Graphic

Speed Limits Lowered in Green Garden and Frankfort Neighborhoods

Will County Board Meeting | November 2025 Article Summary: The Will County Board adopted ordinances to establish new, lower speed limits in specific areas of Green Garden and Frankfort Townships....
Will County Board Graphic.02

Engineering Firm Hired for Gougar Road Bridge Replacement

Will County Board Meeting | November 2025 Article Summary: The Will County Board authorized a $301,000 contract for the design of a new bridge carrying Gougar Road over the Canadian...
Will County Board Graphic.03

Unpermitted Log Cabin and Stage Prompt Rezoning in Beecher

Will County Board Meeting | November 2025 Article Summary: The Will County Board approved a zoning map amendment and variances for a property in Beecher to bring existing unpermitted structures...