September 15, 2014 at 6:05 PM - Special Levy Hearing

Discussion:  602

Discussion:  Superintendent Hastings explained that the budget and levy hearings were designed for public comments and questions. Action regarding these hearings will take place at the regular Board of Education Meeting. Business Manager Tim Meisner provided information regarding the levy request. The general fund will stay at $1.05 and the majority of the tax asking will go into the general fund. The bond request will decrease from 10 cents to 7.9 cents. The bond request will pay the principal and interest that were accrued during the construction of Lincoln Elementary. The recent refinance is not reflected on this budget but will appear next year. The tech bond was approved earlier this year. The levy request will be for 1.49 cents so the total bond levy will be less than a dime. This is a reduction from last year. The reason for the reduction includes a increased valuation of property and the amount put into the sinking fund was less than anticipated. President Doll asked if there were any questions or comments. There were none.