COEUR D’ALENE, Idaho — The Coeur d’Alene School Board is holding a Special Meeting Wednesday to discuss whether to approve a supplemental levy election this November.
At the meeting, the Board of Trustees will discuss two different levy options that would help fund district operations for the next two years.
The first levy option to be discussed is a $25 million per year levy. The school district said this would keep the levy at its current levels but require $750,000 per year in cost reductions as long as enrollment remains the same and funding remains at the 2024-25 levels over the next two years.
The current tax levy rate is the lowest it has been in 10 years. It’s estimated at $0.93 per $1,000 of assessed taxable property value. This would not change if the first levy option is adopted.
The second option is a $25.75 million per year levy that the district said would cover 3% of inflation costs with no need for cost reductions. The estimated average cost to a homeowner on this levy is $96 per $100,000 of assessed taxable property value per year.
If the second levy plan is adopted and approved by voters, changes to tax amounts will begin in the 2025 tax year.
The supplemental tax levy funds things like student athletics and extracurricular activities, health services, classroom resources, staff and teacher salaries, school safety and operating expenses.
The district said levy funds would not be available until the 2025-26 school year if either levy is adopted and approved by voters this November.
The meeting will take place at noon on Wednesday at the Midtown Center Meeting Room, 1505 N. 5th Street, Coeur d’Alene. Everyone is welcome to attend, and public comment will be heard at the meeting.
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