Dist. 20 looks at reduction
The Nebraska Legislature’s answer to slicing state aid is now on Gov. Dave Heineman’s desk.
Under LB 235, District 20 will lose $461,366. The school will receive $2.8 million compared to $3.2 million in 2010-11.
Superintendent Mike Teahon expects Heineman to sign the bill although it’s more than what the governor wanted.
Teahon said the state aid formula is centered around equalization which considers a school district’s ability to fund their local schools.
“Part of the decrease in our equalization is because of a 9.8% increase in the valuation of local property last year,” Teahon said. “Using the formula, the district increased its ability to pay.”
To deal with the reduction, Teahon said the district will reduce non-salary areas where possible and offset the loss with reserve funds and expansion of the tax base through changes in district valuation.