property tax levy Archives - Papio NRD Nebraska

Papio NRD Board Decreases Property Tax Levy

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 14^th 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.

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Papio NRD Decreases Property Tax Levy

Board Approves Proposed 2023 Budget

At its September 8^th meeting, the Papio-Missouri River Natural Resources District (Papio NRD) Board of Directors voted to approve the Fiscal Year 2023 general operating budget that includes a decrease in the Papio NRD property tax levy.

“We realize that historically high inflation is negatively impacting many of our constituents’ finances,” said John Winkler, general manager of the Papio NRD. “Through methodical and conservative financial management this budget allows the Papio NRD to lower its property tax levy while simultaneously funding critical public safety projects. This fiscal year’s total budget requirements, operating budget, and property tax levy are all lower than last fiscal year,” said Winkler.

For 17 out of 18 years, the Papio NRD has either decreased or kept the tax levy the same. The District will drop its property tax mill levy by 2.6% this fiscal year.

“The Papio NRD’s budgeting philosophy has been to levy only what is needed to adequately fund vital flood mitigation, conservation, erosion and sediment control projects, and the prudent management of our state’s critical natural resources,” said Winkler.

The Papio NRD’s FY23 property tax levy would drop to .0348 per $100 of assessed valuation from the District’s FY22 property tax levy of 0.357 per $100 of assessed valuation. Under this budget, a homeowner in the District with property valued at $150,000 would pay $52.14 a year or $4.34 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 $80.1 million.

The property tax levy is based on an estimated 8.57% 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.

Papio NRD Board Decreases Property Tax Levy

Papio-Missouri River NRD Board Approves Proposed 2021 Budget

At its September 10^th meeting, the Papio-Missouri River Natural Resources District Board of Directors voted to approve the Fiscal Year 2021 general operating budget that includes a decrease in the Papio NRD property tax levy.

“It is our civic duty to save taxpayer dollars and we are proud the District’s property tax levy will decrease again this year,” said John Winkler, general manager of the Papio NRD. “For 15 out of 16 years, the District has either decreased or kept the tax levy the same,” said Winkler.

The FY21 budget calls for a property tax levy of .036490 per $100 of assessed valuation, which means a homeowner with property valued at $100,000 would pay a total of $36.49 or 3.04 cents a month in property taxes next year to support Papio NRD projects. The budget calls for an estimated $27 million in revenue from the NRD’s property tax levy. The total operating budget is estimated at $75.5 million.

The Papio-Missouri River NRD’s property tax levy amounts to less than two percent of a homeowner’s total property tax bill who lives within the District’s six-county area. The levy is based on an estimated 7.06% 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.

Papio NRD Decreases Property Tax Levy & Saves Taxpayers $1.8 Million in Refinancing of Bonds

It’s the beginning of fiscal year 2020 for the Papio-Missouri River Natural Resources District and the District has a double-dose of good news for local taxpayers.

Decrease In FY 2020 Property Tax Levy

The Papio-Missouri River Natural Resources District Board of Directors last night voted to approve the Fiscal Year 2020 general operating budget that called for a decreased property tax levy of .037384 per $100 of assessed valuation. This means a homeowner with property valued at $100,000 would pay a total of $37.38 in property taxes next year to support NRD projects.

“We are proud to announce the District’s property tax levy will decrease again this year,” said John Winkler, general manager of the Papio NRD. “For 14 out of 15 years, the District has either decreased or kept the tax levy the same. Practicing fiscal responsibility – working strategically and creatively to save taxpayer dollars is our civic duty. We take it very seriously,” said Winkler.

The budget calls for an estimated $26 million in revenue from the NRD’s property tax levy. The total operating budget is estimated at $70.5 million.

The Papio-Missouri River NRD’s property tax levy amounts to less than two percent of the total property tax bill for residents living within the District’s six-county area. The levy is based on an estimated 6.86 percent increase in valuations across the District.

Refinancing of Bonds Saves Taxpayers $1.8 Million

Due to the refinancing of 2015 and 2017 Flood Control Protection and Water Quality Enhancement Refunding bonds, the Papio NRD is expected to save District taxpayers $1.8 million over the remaining term of the bonds.

In addition, over the past four years, the District refinanced its 2010 bonds, saving taxpayers $3.5 million, to date.

“Complementing this good news, S&P Global Ratings recently assigned an upgraded ‘AA’ rating to the Papio NRD,” says Winkler. “This will produce additional savings not only during the refinancing of bonds, but also in the future as the District continues to provide flood control and water quality to our District.”

The Papio-Missouri Natural Resources District includes all of Sarpy, Douglas, Washington and Dakota counties, plus the eastern 60% of Burt and Thurston counties.