School Board Approves Drop In Tax Levy

For Nebraska school districts, putting together a school budget can sometimes resemble the laws of supply and demand.
On Wednesday night, the District #18 Board of Education approved a new budget for the 2014-2015 school year. With a huge county valuation increase, the school district was likely to reduce the tax levy. They did just that, passing a budget with a total tax asking of $2,992,929.27 with a combined tax levy of just 48 cents, down by 13 cents from one year ago.
Superintendent Dan Polk said state aid to the school district declined by $110,000 from one year ago and the school had an allowable growth of $190,000 for 2014/15. “The general fund budget of expenditures operating fund is (just) one percent increase,” he said.
Public hearings on the proposed budget and tax levy were held prior to the start of the regular meeting. No district patrons appeared to speak at the hearings.
The regular meeting lasted just under 30 minutes. Despite the short meeting, several matters were presented to board members.

For the complete story, see the print edition of The Elgin Review