Despite not knowing what the State of Iowa's allowable growth will be, the Cedar Falls School District has approved its new budget.
The Cedar Falls Community Schools Board of Directors convened Monday evening and approved a budget for the 2013-14 school year. An estimated $78,673,346 will be spent during the coming fiscal year with nearly 30 percent of those funds being raised by taxation.
Only a slight increase in property taxes will occur as a result of the proposed budget. With an increase in assessed valuations and changes in property tax rollback beginning next school year, that increase will be minimal.
Cedar Falls School Board Secretary, Doug Nefzger, explained, "The total property tax dollar amount (for) an individual with a home value of $100,000 ... that change is less than one dollar of an increase from the previous school year."
An estimated $78,673,346 will be spent during the coming fiscal year budget.
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