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School District Budgeting FAQs

This guidance document is advisory in nature but is binding on an agency until amended by such agency. A guidance document does not include internal procedural documents that only affect the internal operations of the agency and does not impose additional requirements or penalties on regulated parties or include confidential information or rules and regulations made in accordance with the Administrative Procedure Act. If you believe that this guidance document imposes additional requirements or penalties on regulated parties, you may request a review of the document. For comments regarding this document contact nde.guidance@nebraska.gov

What’s new in School District Budgeting for 2020/21?

  • Per LB 148 (2020 Legislature), beginning with the 2020/21 school year, budget hearings must allow enough time for all testimony to be heard during the hearing.  During the budget hearing, the following must be provided to the public:
    • At least three copies of the proposed budget
    • A summary of key provisions of the proposed budget and a comparison of the prior year budget to the proposed budget

Can District Property Tax Requests Increase each Year?

  • Per LB 103 (2019),  District Property Tax requests must remain at the same level or less than the prior year.  If a district approves a total property tax request that exceeds the prior year’s request, the following additional information must be disclosed in the Property Tax Resolution and the Hearing Notice for the Special Hearing to Set Property Tax Request:
    • Percentage change in the Certified Taxable Valuation over prior year
    • Percentage change in property tax levy over prior year
    • Percentage change in operating budget for taxing funds over prior year
      • For detailed information see the 2020/21 Budget Text (available in May)
    • The Basic Allowable Growth Rate at 2.5 for 2019/20%.

What is required in the district Property Tax Resolution?

  • If a district approves a total property tax request that exceeds the prior year’s request, the following additional information must be disclosed in the Property Tax Resolution and the Hearing Notice for the Special Hearing to Set Property Tax Request:
    • Percentage change in the Certified Taxable Valuation over prior year
    • Percentage change in property tax levy over prior year
    • Percentage change in operating budget for taxing funds over prior year
      • For detailed information see the 2020/21 Budget Text (available in May)
    • The Basic Allowable Growth Rate at 2.5%.

 

Program Contacts

    • Janice Eret: (402) 471-2248 or janice.eret@nebraska.gov
    • Michelle Cartwright: (402)  471-0526 or michelle.cartwright@nebraska.gov
Updated June 18, 2020 4:51pm