The Northeast Nebraska Community College Board of Governors have given tentative approval to next year's operating budget.
The Board voted at their meeting in Norfolk on Thursday to approve the preliminary fiscal year 2014 budget.
School officials said next year's tax levy is estimated to be about ten cents, which is up about 1% from the current budget.
School leaders said that increase reflects numerous capital
improvement project the school is undertaking including the construction
of two new buildings.
Officials say the final budget numbers could change slightly when
the property valuations for their 20-county region are released next
"Depending on what that increase is in valuations, that might affect
the levy that is finally used to determine our property tax revenues,"
said Vice President of Administrative Services, Lynne Koski.
Officials said they're expecting about a 14% jump in property values this year.
The Board will take up the final budget at their September meeting.
2929 Signal Hill Drive Sioux City, IA 51108
Switchboard: 712-239-4100 or 800-234-KTIV(5848)
News: (712) 226-5480
Fax: (712) 239-3025
News Tips: firstname.lastname@example.org