As the final budget for the upcoming year received approval from the Box Elder School Board, business administrator, Rod Cook presented a number of facts related to money earmarked for district use.
Cook said that 47 percent of the revenue received by the district comes from the state, while nearly an equal amount, 45 percent comes from local property taxes. The five largest taxpayers in the county are Ruby Pipeline, Procter & Gamble, PacifiCorp, Autoliv and MOM. Individually, the median housing value in the county is $168,200.
Cook also said that last year’s budget, about $95 million, saw spending outdistance revenue by approximately $1.5 million, which was covered by carryover funds. Most of that money is located in the general fund and nearly 85 percent of that goes toward employee salaries and benefits.
Next year’s budget will see an increase in both revenue and expenditures, decreasing the gap between the two. That decrease is only an anticipated, however, based on expected increases in enrollment and a shift in tax rates from capital improvements to general fund.