FOR IMMEDIATE RELEASE: 9/15/23
Contact: Jennifer Stauss Story
Cell Phone 402-960-5329
Papio NRD Board Approves Proposed 2024 Budget
Decreases Property Tax Levy
Omaha, NE: At its September 14th meeting, the Papio-Missouri River Natural Resources District (Papio NRD) Board of Directors voted to approve the Fiscal Year 2024 general operating budget that includes a significant decrease in the Papio NRD property tax levy.
“After the first budget draft was discussed, I directed Papio NRD staff to find as many efficiencies as possible in the District’s general operations and vital programs to ensure the Papio NRD is only requesting the bare minimum from taxpayers without sacrificing our mission of protecting life and property,” said Kevyn Sopinski, chairman of the Papio NRD Board of Directors.
For 18 out of 19 years, the Papio NRD has either decreased or kept the property tax levy the same. This fiscal year’s total tax request is 1.8% above last year’s budget. The District will drop its property tax mill levy by 10% this fiscal year.
“We understand that historically high inflation and even higher county property valuation assessments are negatively impacting many of our constituents’ finances,” said John Winkler, general manager of the Papio NRD. “Through methodical and conservative financial and operational management, refinancing and reduction of bonded debt, and securing over $20 million in grant funding, this budget allows the Papio NRD to lower its property tax levy to its lowest in over 20 years while simultaneously funding critical public safety projects,” said Winkler.
The Papio NRD’s FY24 property tax levy would drop to .031 per $100 of assessed valuation from the District’s FY23 property tax levy of 0.347 per $100 of assessed valuation. Under this budget, a homeowner in the District with property valued at $150,000 would pay $46.95 a year or $3.91 a month in property taxes next year to support Papio NRD projects, programs, and services. The budget calls for an estimated $30 million in revenue from the Papio NRD’s property tax levy. The total operating budget is estimated at $90.3 million.
Winkler said the Papio NRD’s budgeting philosophy is to only levy what is needed to adequately fund essential projects related to flood mitigation, conservation, erosion and sediment control, as well as the responsible management of Nebraska’s invaluable natural resources.
The property tax levy is based on an estimated 12.9% increase in valuations across the District, which includes all of Sarpy, Douglas, Washington, and Dakota counties, plus the eastern 60% of Burt and Thurston counties.
The Papio NRD receives less than 2% of all property taxes collected within the District’s six-county area. The remaining 98% goes to schools, cities, counties, and other taxing entities.