Purchase photos

USD 489 approves budget for upcoming year

8/21/2012

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.

Login Here to Read More...

Did you know? For just $0.99 you can get full site access today. Click Here

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