NPS reveals budget, tax levy ahead of a final vote
NORFOLK, Neb. -- Norfolk Public Schools has revealed its tax levy and budget ahead of its approval vote later this month.
On Monday, the Board of Education held its budget hearing for the 2022-23 school year. While not a final decision, Monday's meeting discussed the district's funding request and property tax levy that will be voted for adoption on September 28. NPS is requesting $33,200,157 in taxes this year with a property tax levy of $1.078131 per $100 of assessed value. While the levy is a reduction of .001869 from last year's levy of $1.080000, taxes will still raise for many. According to the Board of education, assessed property value increased by 6.41% resulting in a higher overall price for many taxpayers.
The general fund for the 2022-23 year has been set at $55,432,293 in actual expenditures, a $2,205,336 increase from last year. A majority of the budget is going toward teacher salaries and benefits, with 82.56% of the general fund budget being used for this purpose. The board says this percentage is similar to the previous year's budgets.
The public will have two more opportunities to provide public input, the first being on Sept. 26 at the joint public hearing at Northeast community college's lifelong learning center at 6 p.m. The other will be when the board votes to adopt the budget during their board meeting on Sept. 28.