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Falls City School Board approves budget

By John Nixon

09/11/2024

(KLZA)--The Falls City Board of Education conducted budget and property tax request hearings for the next fiscal year budget when they met Monday evening.

The General Fund Budget approved is $17,394,894 which decreased 1% from last year. the Special Building Fund was approved at $1,888,250 which is down 14% from the previous year.

The overall budget decrease amounts to 1%.

the 2024-25 property tax request calls for the collection of $8,088,828 for the General Fund, and $404,040 for the Special Building Fund, for a total of $8,492,868. The property tax requirement for School District patrons will be 70.4289 cents per $100 of assessed valuation, amounting to a 12% decrease from the 2023 budget.

The total valuation of property within District 56 increased by 9.52%.

Since the property tax request is within the allowable growth percentage, the school district is not required to mail out postcards to notify district patrons.

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