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

will-county-board.3

County Approves $15 Million Water System Takeover for Southeast Joliet Area

700 homes to receive upgraded service as Joliet takes control of failing sanitary district The Will County Board voted 20-1 to support dissolving the Southeast Joliet Sanitary District and transferring...
will-county-board

Board Postpones County Purchasing Code Overhaul Amid Union Contractor Debate

Members seek clarification on requirements that could favor unionized businesses The Will County Board postponed action on proposed changes to county purchasing ordinances after members raised concerns about language that...
Screenshot-2025-06-05-at-1.43.56 PM-5

Student Council Presidents Highlight Senior Year Accomplishments

Lincoln Way's three student council presidents delivered their final speeches of the school year, highlighting major accomplishments and memorable events before graduating this weekend. Jason Sro from Lincoln Way Central...
frankfort-square-park-district.2

New Frankfort Square Park Board Takes Helm Amid Strong Financials, Maksymiak and Moore Elected Leaders

The Frankfort Square Park District Board of Commissioners seated four new members and re-elected its leadership during a productive annual organizational meeting on May 15, all while celebrating a robust...
will-county-board.2

Animal Permit Hearing Reveals Neighborhood Disputes Over Horses, Roosters in Crete Township

Board postpones decision on Torres family request pending barn variance appeal A contentious hearing over Fernando Torres' request to keep horses on his Crete Township property exposed deep neighborhood divisions...
Screenshot-2025-06-05-at-1.43.56 PM-4

District Recognizes Outstanding Student Readers in Statewide Program

Lincoln Way Community High School District 210 recognized exceptional students who completed the Read for a Lifetime program, with several achieving the rare distinction of reading 100 books over four...
frankfort-square-park-district.1

Park District Awards Eight Scholarships to Lincoln-Way East Seniors

The Frankfort Square Park District awarded $1,000 scholarships to eight graduating seniors from Lincoln-Way East High School at the school’s Community Scholarship Night on May 7. Park Board Commissioners Frank...
will-county-board.3

Transportation Projects Advance as Board Approves Vision Zero, Road Improvements

County adopts traffic safety initiative while funding major infrastructure upgrades The Will County Board approved a comprehensive transportation agenda including adoption of Vision Zero principles and multiple road improvement projects...
County-Board-Room

Health Department Receives Budget Boost, Sunny Hill Admission Policy Updated

Board approves funding increases and policy changes for county health services The Will County Board approved budget appropriations for the health department and updated admission policies for Sunny Hill Nursing...
Meeting-Briefs

Meeting Briefs: Frankfort Square Park District for May 15, 2025

At its annual organizational meeting, the Frankfort Square Park District Board of Commissioners swore in four members, re-elected its leadership, and reviewed its strong end-of-year financial report. The district’s funds...
Screenshot-2025-06-05-at-1.43.14 PM-2

Board Meeting Shorts

Budget Amendment Approved: The board approved amendments to the fiscal year 2025 budget totaling $121.7 million in revenue and $120.1 million in expenses. Changes primarily reflect bond proceeds and related...
Screenshot-2025-06-16-at-3.26.08-PM-1

Will County Board Meeting Briefs Package

COUNTY APPOINTMENTS Fire Protection District: Board approved county executive appointments to Manhattan Fire Protection District board. Agricultural Committee: Approved appointment to Agricultural Area Committee with Member Judy Ogala abstaining due...
frankfort-park-district.1

Frankfort Park District Reorganizes Board, Explores Options for Tax-Impacting Projects

FRANKFORT – The Frankfort Park District Board seated its re-elected members, reorganized its leadership, and approved its new annual budget on Tuesday, while also revealing it is actively exploring options...
frankfort-park-district

Aging Sara Park Building Poses Challenge for Park District

The Frankfort Park District is grappling with how to address the deteriorating Sara Park building, whose roof is in "bad shape" and whose location within a flood plain complicates any...
frankfort-park-district.1

Meeting Briefs: Frankfort Park District Board for May 13, 2025

The Frankfort Park District Board of Commissioners re-elected its leadership team for a new term and approved its fiscal year 2025-2026 budget at its meeting on Tuesday. The board also...