Cozad Community Schools and City of Gothenburg representatives gave presentations Wednesday night for public hearing on property tax increases as required by legislation enacted last year. The legislation requires such hearings to be held by the taxing political subdivision when they are proposing what is called “2% plus real growth”.
Cozad Superintendent James Ford notes that patrons recently approved a bond initiative that is not to exceed $26 Million.
And in attempt to pay less interest, Ford said the school board plans to make the final payments on the 2002 bond this coming year…
On Gothenburg’s tax asking, City Administrator Gary Greer says part of it is towards new development.
One other factor Greer says is affecting the City budget is that the City absorbed the operations of the Gothenburg Aiport, which previously had it’s own tax asking.
Greer adds that while the City is taking care of growth in the community they are also mindful of spending it’s money prudently.