The Pleasant Valley School Board is recommending a 5 percent increase in the district's property tax rate to help make up for a reduction in state funding.
At its March 22 meeting, the board approved a budget with an increase of 75 cents per $1,000 assessed valuation, which would bring the overall district tax levy to $14.7432 per $1,000 assessed valuation.
With the increase, the district administration said, Pleasant Valley will still have the lowest school tax rate in Scott County. However, the difference in tax rates between Bettendorf and Pleasant Valley would be narrowed considerably since Bettendorf earlier announced plans to raise its tax levy rate just 15 cents, to $15 per $1,000 assessed valuation.
In addition to funding reductions from the state, Pleasant Valley also is facing added costs with the anticipated opening of its new elementary school along Hopewell Avenue this fall.
A public hearing on the proposed tax rate hike is scheduled for 7 p.m., Monday, April 12.
