September 11, 2023 at 6:00 PM - Board of Education Tax Hearing

Rationale:  The Norfolk Public School District's board of education meeting is called to order.
 

Rationale:  If any board member is absent, there will need to be a  motion to excuse the absence.

Rationale:  This is a legal meeting of the board of education, as advertised by the means specified in board policy. A complete copy of the Open Meetings Act is posted in the board room for your review. A copy of the agenda is available at the desk of the recording secretary.

Rationale: 

Welcome to the local Tax Request Hearing for the 2023-2024 fiscal year. The purpose of this hearing is to give taxpayers the opportunity to provide support, opposition, criticism,  suggestions or observations regarding the proposed tax request.  This hearing is only for items related to the tax request resolution.  A joint public hearing will also be held on Sept. 21st at 6:00p.m. at the Lifelong Learning Center.

At this time, I will provide a brief review of tax requests (which were previously shared in detail during our Board Workshop). Then, the Board will provide the opportunity for public input.  Official action and voting on the tax resolution will occur on September 28th - not at this hearing.

Norfolk Public Schools (Madison County School District 59-0002) is proposing the following tax request:
$1.00 General Fund $36,753,141
5 cents Special Building Fund $1,687,660
2.33 cents QCPUF $786,465

$1.0733 TOTAL Levy $36,227,266
 

• The total assessed value of the property differs from last year’s assessed value by 6.21%

• The tax rate which would levy the same amount of property taxes as last year, when multiplied by the new total assessed value of property, would be $1.016898 per $100 of assessed value

• Norfolk Public Schools (Madison County School District 59-0002) proposes to adopt a property tax request that will cause its tax rate to be $1.0733 of assessed value.  This is a reduction of .0.47 cents from the current tax rate of assessed value of $1.078131.

• Based on the proposed property tax request and changes in other revenue, the total operating budget for all funds of Norfolk Public Schools (Madison County School District 59-0002) will be less than last year’s operating budget of all funds by -1%.  The percent increase or decrease in operating budget by specific fund is the following:

  • General Fund 0% increase/decrease

  • Special Building Fund   0% increase/decrease

  • QCPUF Fund -17% decrease

Norfolk Public Schools will need to adopt a resolution allowing us to exceed our property tax lid and attend the Madison County Joint Hearing because of the recommended 5 cent levy to the building fund.  This levy amount will provide us with $1,670,783 for our Middle School addition.  If we did not levy this amount, we could stay under the property tax lid and growth limitations.  However, we would not be able to complete the MS addition, which is needed to address our growing student population and safety concerns.

 

Levying for the building fund is the most economical way to budget for large projects, as bond issues include additional fees and interest charges.

To obtain more information regarding the increase in property tax request, citizens may contact Norfolk Public Schools (Madison County School District 59-0002) at 402-644-2500 or e-mail by going to the following web address https://www.norfolkpublicschools.org/contact/