LSR7 Board of Education Work Session - 9/29/26

The Lee’s Summit R-7 Board of Education held a work session on September 29, 2026, focused on the administration’s 2026 tax-rate recommendation. Staff reported total assessed value of about $3.568 billion, down approximately $1.4 million year over year, despite $76.9 million in new construction. The recommendation included maintaining 5 cents for capital projects and a voluntary rollback in the general fund; projected tax revenue was about $193.4 million assuming 100% collection, while staff estimated actual collections at roughly 89.5–90%. For a home with a $100,000 market value, the presentation estimated an increase of $129.52 in the district portion of the annual tax bill. Staff also cited a projected 27.46% fund balance and uncertainty around future state funding and assessed values.

Board members discussed the tax-rate comparison, collection assumptions, tax credits, and the financial outlook for future years. The board approved the meeting agenda, but the transcript shows no vote approving the tax-rate recommendation. No contracts, vendor selections, purchasing decisions, or other procurement activity were identified.