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 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.
Latest News Stories
JJC Embarks on New 10-15 Year Facilities Master Plan Process
Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025
Will County Board Halts Transportation Plan After Contentious 143rd Street Debate
Will County Board Upholds Zoning Denials, Rejecting Developer Appeals
Split Vote Halts Monee Truck Terminal Project
Future Quarry Fight Looms as Board Approves ‘Tequila Barrel’ Retreat
News Briefs from the Will County Board June 18 Meeting
Frankfort Approves Outdoor Patios for The Loft and Grounded Coffee Bar, Waives All Parking Requirements
Frankfort Police Department to Get Four New Vehicles in Fleet Upgrade
Indoor Pickleball Facility ‘Pickled!’ Gets Green Light in Frankfort
Frankfort to Install Public Wi-Fi at Breidert Green
Frankfort Board Approves Indoor Recreation Facility and Setback Variance
Meeting Briefs: Frankfort Village Board for June 16, 2025
Mental Health Board Awards $5 Million in Grants to Will County Organizations