LPS says $490 million budget is ‘pretty thoughtful’

LINCOLN, Neb. (KLKN) – Due to the pandemic, the Lincoln Public Schools budget remained relatively flat for the past two years.

Now the district is proposing an increase to raise teacher salaries and restore funds that were previously cut.

On Monday night, the LPS Board of Education hosted its first public hearing on the 2022-23 school year’s proposed budget.

The preliminary budget calls for a 5.8% increase from last year’s budget, to $490 million.

“This is a pretty thoughtful budget, being put forward at a 5.8% growth,” said Liz Standis, LPS associate superintendent for business affairs. “Very modest considering where we are from and inflation environment. ”

LPS said it was able to lower the tax levy over a third of a penny from last year’s budget.

“Our plans were conservative enough that we were able to lower the levy a little bit for taxpayers,” Standis said.

A public hearing attendee asked to board to consider dropping the levy even more.

LPS said investing in staff was one of the priorities in the budget, as the country faces a labor shortage.

The budget growth also accounts for essential purchases for technology and curriculum, and reversing cuts the district made during the pandemic.

The new budget also adds funds for a varsity bowling team and a girl’s wrestling team.

The school board is expected to take a final vote on adopting the budget on Tuesday.

Categories: Education News, Lancaster, News, Top Stories