Budget includes levy decrease, dollar increase
NORTH PLATTE, Neb. -- The Mid-Plains Board of Governors approved an increase of its tax request to $15.886 million but decreased the tax levy by .0597 cents per $100 of assessed value.
Following a public hearing, the board approved a budget with a calculated levy for general operations of 5.8903 cents, down from 5.9500 cents last year.
The capital improvements levy will be 1.8500 cents, up from 1.6500 cents.
The board adopted the 2016-17 fiscal year budget with expenses and transfers for all funds totaling $42.825 million.
As it usually does, the board of governors approved an increase of the base limitation by 1 percent, carrying forward unused budget authority of $1.978 million, used to calculate Unused Restricted Funds Authority to future years. While it does not affect current tax requests, it allows the college to receive a large increase in restricted funds in future years if needed to meet future growth of the institution.
In the public hearing before the regular meeting, Greg Renner of North Platte voiced concerns over a request for additional tax money while overall enrollment is down.