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Land Valuations Up, Budgets Up, Taxes Down..

Photo: WNAX AM

Land Valuations Up, Budgets Up, Taxes Down..

Many school districts in rural Nebraska are seeing the benefits of the rapidly rising value of farm land in their budgets.

Randy Anderson is the Superintendent of the Crofton and Hartington Public school districts, and says both districts have been able to expand their budgets a bit this year, while lowering the property tax levy…

Anderson says the timing is good as other funding sources have been dropping……Anderson says they have been able to increase their budgets a bit due to the rise in valuations……

Valuations in the Hartington district increased by about eighty seven million dollars in the last year. In connection, property taxes for schools dropped about twenty four percent.

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