USD 489 approves budget for upcoming year
After hearing no questions or comments at a public hearing, the Hays USD 498 board approved a $50.2 million 2012-13 budget at Monday's meeting.
Assessed valuation for the general fund is $259,084,155, an increase of $12,350,568. The assessed valuation used for all other funds increased $12,486,414.
The homestead property tax exemption is applied only to the general fund, so assessed valuation for all other funds is larger.
The general fund, based on 20 mills increases $386,393, and local-option budget mill levy funding the supplemental decreases from 17.952 to 16.271. However, the amount collected will increase from $6,037,568 to $6,071,081.
This year's budget also shows an increase in the capital outlay budget from $2,673,472 to $3,155,533.
The 46.324 mill levy, a 1.507 decrease, is a total of the 20 mills general fund, 16.271 mills LOB, 8 mills for capital outlay, 1.558 mills accessed for declining enrollment and .495 mills for no fund warrants.
The district also will collect a mill levy of 3.686 for Hays Recreation Commission, an increase of 0.246.
All told, the total mill levy is 50.010, a decrease of 1.261.
* JUDY SHERARD