Sat Sep 07 14:53:00 UTC 2024: – Norfolk Public Schools has proposed a property tax rate of 92.5 cents per $100 of valuation for the 2024-25 school year
– The school board must approve the levy before it takes effect, with a vote set for September 23
– The proposed rate would result in a $12 increase in school taxes for a homeowner of a $112,000 house
– The budgeted revenue for NPS will be $60 million with expenses of $61.5 million, leading to a deficit that will be offset by withdrawing from cash reserves
– Other budget options are under consideration, including one that would increase property taxes but avoid staffing cuts in the next few years.

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