(Atlantic) The Atlantic School Board set a public hearing for March 24 for the 2022 Certified Budget.
Atlantic Schools Superintendent Steve Barber says the tax levy is $13.95 per one thousand dollars of valuation, lower than the previous year of $14.22 per one thousand dollars of valuation with property valuations increasing 2.5-percent. “We’re pleased that we can lower the tax rate and still meet the needs of the school,” said Barber. “We told our bond issue voters we weren’t going to raise taxes, and we’re able to do that for the past three years; in fact, we’ve lowered it, and hopefully we can maintain that for years to come,” said Barber.
Barber says they didn’t dip into the cash reserves needed a few years ago and use some of those dollars to help pay on a bond. This gives the district some flexibility on how much they pay for the bond. The district has also paid ahead on the ten-year obligation bond. The School Board looked at scenarios that would save the district $120,000 to $250,000 on the bond.
