From Deseret News archives:

Utah County school revenues up

Increase linked to hefty rise in property values

Published: Monday, Aug. 27, 2007 12:28 a.m. MDT
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The district has been working on a long-term budgeting strategy to maintain facilities, offer competitive pay and benefits, and improve academics and student and employee accountability through data and employee professional development.

Despite the decrease in this year's tax rate, Nebo School District will still get almost $6 million more in revenue than last year.

Last year, property taxes provided $34.3 million; this year it will provide $40.2 million, district business administrator Tracy Olsen said.

The state helps the district compensate for its relatively small property tax revenue. But because the higher valuations, Nebo will lose $1.7 million in state money.

"If the district collects more money locally, the state puts in less," Olsen said.

About $2 million in new money will be used to pay off bond debt, he said.


Contributing: Amy Choate-Nielsen


E-mail: lhancock@desnews.com

Recent comments

Quite a few details were left out of this story.

Alpine got...

Unhappy Alpine School Mom | Aug. 28, 2007 at 6:07 p.m.

Oh great. Revenue is up. Now the district can hire more...

SchoolDad | Aug. 27, 2007 at 9:31 p.m.

If RS will take the time to really look at the numbers, it will...

Yup | Aug. 27, 2007 at 8:04 p.m.

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