FREMONT – The Fremont Public School Board of Education held their regular meeting on Monday evening.
The big item on the agenda was the hearing and approval of the proposed 2017-2018 budget. Executive Director of Student Services and Business Affairs Brad Dahl says some of the issues that can affect the budget include building maintenance, controlled access and aging bus fleet, and state aid not keeping pace with expenditure growth. He adds property taxes account for 44% of the budget, and this year assessed valuations saw an increase.
“We saw the largest valuation increase in the last nine years. We grew by a little over 4.5%,” said Dahl. “And then our district also goes into Saunders County and Douglas County as well. And those two counties didn’t grow quite as much, as they are primarily agriculture lands. Overall we saw an increase in our valuation of 4.5%”
Dahl claims the increase has an impact on two areas of the budget.
“The impact of property valuation has an impact on two of our funds,” said Dahl. “Our General Fund, which is what we use to educate kids, pay for transportation, pay for our teachers and our staff. What happens with that levy has a real impact on the General Fund. It also has a real impact on our Bond Fund.”
The staff recommendation was to approve a budget of over $51.6 million, which is a 2.01% over last year’s budget. They also recommended not increasing the levy. The budget was approved unanimously by the board.