The approval of the North Platte school district’s $57.4 million budget will be foremost on the agenda when the board of education meets at 5:30 p.m. Monday at the McKinley Education Center.
The expenditures for the 2020-21 fiscal year are budgeted to be $49.2 million, which is a slim increase of 0.37% from last year.
The proposed school budget calls for about $700,000 less from property taxpayers in the coming fiscal year, a 2.5% reduction. That reduction is largely because the bond that built the high school will be fully paid off in December, eliminating a $1.1 million annual payment. The amount of taxable property valuations has increased 2% from the year before.
The proposed property tax levy will be $1.13 per $100 of property, down from $1.19 last year, if the board approves the levy as expected.
Overall, the projected school district expenditures will be about $0.4 million lower in 2020-21, amounting to $57.4 million, compared to $62.4 million for the 2019-20 fiscal year, which is nearly over.
Also at the meeting, the board will:
- Consider new school policies.
- Consider the Annual Emergency Safety Plan.
- Hear several committee reports, including the monthly financial report.