While there are very few changes in the Keota School District budget for the coming Fiscal Year 2020, which starts July 1, area property owners will see a 13-cent increase in property taxes per $1,000 of assessed valuation.
After a public hearing which yielded no comments from the community, the board unanimously approved the budget for the coming year. Last year’s tax rate was $11.94 and this year the rate increased to $12.08 per $1,000 of taxable valuation. Finance Director Jeff Dieleman said the reason for the increase is an increase in the special education deficit over this year. He also commented there are ew differences between the coming year’s budget and the budget the district is currently operating under.
“We have no construction going on so the facilities budget didn’t change much,” Dieleman said. “It’s basically the same budget we had last year.”
The budget shows revenues and expenses of $7,289,535 balanced for the coming year. most of the budget items show standard increases due to inflation. Instruction costs have increased from $3,152,660 this year to $3,404,880. Total support services have also increased from $1.2 million to $1.39 million.
Dieleman commented with a small district there are very few changes that can be made and few items on the budget the school board can impact. Most items on the budget are set by state formula. He said insurance and transportation costs haven’t changed much.