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School board votes to raise district's tax asking authority

It’s a case if you don’t use it, you’ll lose it.

“And you’ll never get it back,” Summerland Superintendent Kyle Finke said while discussing the board’s decision to raise the district’s tax asking authority by up to 7%.

The agenda action item is the result of the recent enactment of LB243, known as the School District Property Tax Limitation Act.

For the upcoming fiscal year, the act limits growth at 3%.

The act creates a default rule which caps the magnitude of a school district’s property tax request authority, which is based on three things: the previous year’s property tax request, the prev...

 

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