United Group Insurance

Public Hearing set for March 31st on 21-22 ACSD Certified Budget & levying of tax

News

March 30th, 2021 by Ric Hanson

A public hearing will be held Wednesday evening in Atlantic, with regard to the 2021-22 Atlantic Public School District Certified Budget. The meeting will be held in the High School Media Center and via YouTube, beginning at 5-p.m. According to Atlantic School District Superintendent Steve Barber,s the tax levy is $13.95 per thousand dollars of valuation, which is lower than the previous year of $14.22/$1,000 per one thousand dollars of valuation, with property valuations increasing 2.5-percent.

The Board will act on a Resolution “Levying a tax for Fiscal Year 2021-22 for the future optional redemption of General Obligation School Bonds, Series 2019.” Barber says because they didn’t dip into the cash reserves needed a few years ago and used some of the dollars to help pay on a bond, the district was given some flexibility on how much they pay for the bond. The district has also paid ahead on the ten-year obligation bond. The various scenarios the district looked at could potentially save the district $120,000 to $250,000.

The Board will act on approving the Certified Budget and setting Paraprofessional Day as April 7th, 2021.