Gibbon Board of Education approves new 2018-19 budget

In an effort to build up its cash reserves in the event of unforeseen expenses, the Gibbon Board of Education Monday night approved increasing its tax request for the 2018-19 school year budget after a pair of public hearings on the subject prior to its regular monthly meeting.

Board of education president Greg Smyth pointed out to the board and administration that school districts have always relied on state aid for much of their funding but that has dwindled about twenty percent over the past five years. He said that ninety percent of state aid in Nebraska goes to three counties all in the eastern part of the state, leaving other districts to rely heavily or solely on property taxes.

 

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