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Wauneta-Palisade School’s tax askings increase by 26-percent PDF Print E-mail
Written by Wauneta Breeze   
Thursday, 18 September 2014 20:25

2014-15 budget allows for $5.4 million

in spending, includes increased tax

askings to replenish cash reserves


By Sheri Hink-Wagner

The Wauneta Breeze

 

After a significant hit in state funding over the past few years, the school’s ongoing efforts to improve school buildings and a sharp rise in property valuations in the district are leading to an increase in taxes for property owners in the Wauneta-Palisade Public Schools District.

Tax askings on personal and real property will increase by $839,491.90 for the current year at Wauneta-Palisade with local taxpayers asked to pay $4,022,575.71 to cover budgetary expenses for the current school year. This marks an increase of 26.37 percent over last year’s total property tax askings of $3,183,083.81.

The total property tax rate for the 2014-15 school year will remain at the state levy limit of 1.05.

The school board previously approved a Qualified Capital Purpose Undertaking Fund (QCPUF) at their December 2013 meeting to help pay for the new boiler at the Palisade Attendance Center. The .01 tax request for the QCPUF project is not included in the state’s 1.05 levy limit.

The school’s budget askings increased $91,863.12 for the 2014-15 budget. The previous year’s approved budget totaled $5,292,831.

Actual spending was less than budgeted last school year. The actual/estimated disbursements and transfers for the 2013-14 school year totaled $4,804,600. The actual disbursements and transfers for the 2012-13 school year was $3,826,589. The 2013-14 school year saw an increase in actual spending of nearly $1 million over the previous year.

The 2014-15 budget totaling $5,384,694.12 includes several opportunities for the district to replenish its cash reserves.

Total budgeted numbers for each of the district’s funds are included below.