NORFOLK, Neb. -- The Lower Elkhorn Natural Resources District (LENRD) finalized their tax request for citizens of their region for the 2022 fiscal year.
After months of negotiating, analyzing and budgeting the LENRD completed the final step in completing the 2022 fiscal year budget during Thursday night's budget hearing. With an overwhelming majority voting yes, the budget for LENRD has been set and the tax levy for citizens was established.
The LENRD set their overall operating expenditures for the 2022 fiscal year at $11,520,234, an 11.8% decrease from last year's expenditures of $13,064,173. When it comes to their property tax request, the amount being asked has also been reduced from last year. The fiscal year's budget for 2021 went from $4,512,659 to $4,382,016 for a 2.98% decrease in the 2022 fiscal year,
According to the LENRD the levy based on property tax will be decreasing by 5% from last year's. The levy went down from 2.4367 cents per $100 valuation in 2021 to just 2.3236 cents per $100 valuation. This means if your property was valued at $300,000, you would owe $69.70 for the LENRD portion of the property tax.