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

Fire-Ambulance-Rescue-Logo

Indiana Woman Identified as Victim in Fatal Wilmington-Peotone Road Crash

The Will County Coroner’s Office has officially identified the woman killed in Tuesday’s fatal crash on Wilmington-Peotone Road as 70-year-old Judith L. Stirm of Delphi, Indiana. In a statement, Coroner...
Frankfort-Police-Rescue

Multiple Agencies Rescue Person in Mental Health Crisis from Frankfort Pond

A person experiencing a mental health crisis was safely rescued from a pond near 80th Avenue in Lakeview Estates on Wednesday after a coordinated response by multiple emergency agencies. Frankfort...
Meeting-7.28.25

IT Consultant Urges Green Garden Township to Adopt Modern Cybersecurity Measures

Green Garden Township’s digital infrastructure is vulnerable to cybercrime and requires an immediate overhaul, including adopting a modern, secure email system and multifactor authentication, an IT consultant told the board...
Green-Garden-Logo.WP

Green Garden Township Forges Ahead with New Town Hall Plan, Faces Budget and Neighbor Concerns

The Green Garden Township Board is advancing an ambitious plan to build a new, larger town hall and community center on a six-acre parcel south of its current location, a...
Sanchez

Sanchez Family Unveils Major Redevelopment Plan for Monee Industrial Property

Article Summary: Developer Luis Sanchez, a key figure in Monee's commercial growth for two decades, presented a plan to revitalize an industrial property on Industrial Drive. The project, which includes...
Screenshot-2025-08-13-at-2.15.28-PM

Monee Approves Over $566,000 Payment for New Public Works Facility Nearing Completion

Article Summary: The Monee Village Board approved a payment of $566,134.16 for the ongoing construction of its new Public Works building. Officials reported the project is on track for a...
Screenshot-2025-08-13-at-2.11.44-PM

Sheepdog Firearms Gets Green Light for Special Use Permit in Monee

Article Summary: Sheepdog Firearms received final approval from the Monee Village Board for a special use permit to operate a retail and firearms range facility at 25812 S. Sunset Drive....
Screenshot-2025-08-13-at-2.15.28-PM

Monee to Receive $250,000 Donation in Solar Project Agreement

Article Summary: The Village of Monee will receive a $250,000 donation from TPE IL W1202, LLC, after the Village Board authorized a community benefit agreement for a planned 5-megawatt solar...
Screenshot-2025-08-13-at-2.11.44-PM

Monee Board Sets Spending Plan with 2025-2026 Appropriations Ordinance

Article Summary: The Monee Village Board has approved its annual appropriations ordinance, which acts as the village's legal spending authority for the fiscal year that began May 1, 2025. The...
Screenshot-2025-08-13-at-2.15.28-PM

Monee Officials Issue Pool Safety Alert Amid Summer Heat

Article Summary: Following an increase in new pool installations, Monee's Building Services department is reminding residents of mandatory permit and safety requirements. Officials are emphasizing life-safety measures to prevent drownings,...
Meeting-Briefs

Meeting Summary and Briefs: Monee Village Board for July 23, 2025

The Monee Village Board of Trustees heard a detailed presentation for a major industrial redevelopment, approved a significant payment for its nearly-completed public works facility, and gave final clearance for...
Fire-Accident-Emergency-Graphic.3

Fatal Crash, Second Collision Snarl Wilmington-Peotone Road

A fatal crash on Wilmington-Peotone Road Tuesday morning was complicated by a second, separate collision in the same area, prompting an extended closure of the roadway as emergency crews work...
Meeting-Briefs

Meeting Briefs: Peotone School District 207-U for July 21, 2025

District Weighs Budget Cuts vs. More Debt: Peotone schools must create a state-mandated deficit reduction plan to address a recurring ~$2 million operating shortfall. The Board of Education is debating whether...
Meeting-Briefs

Meeting Summary: Peotone School District 207-U for July 21, 2025

District Weighs Budget Cuts vs. More Debt: Peotone schools must create a state-mandated deficit reduction plan to address a recurring ~$2 million operating shortfall. The Board of Education is debating whether...
Peotone-School-Cmte-Of-Whole-July-21.4

Summer Construction Projects Transforming Peotone Schools

Major construction projects are progressing on schedule across Peotone School District 207-U, with significant HVAC upgrades, new secure entrances, and extensive paving work transforming campuses ahead of the new school...