Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
Serving proudly since 1873 as the beautiful Nebraska Panhandle's first newspaper
Sidney City Manager David Scott presented the 2021-2022 budget before the council on Aug. 24.
The proposal shows expenses totaling $33,584,440. Capital Projects is at almost $3 million, the City's share of the 17J Link cost. The General Fund expenses total $9,980,243.
The Electric Department shows expenses totaling $11,951,301. Scott said the amount reflects budgeting for the generation project. The Electric Department is taking 36 percent of the budgeted expenses, followed by the General Fund. Streets, Water, Landfill, Sewer and the LB840 Fund are in single digits.
Budgeted revenue shows Sales and Occupation taxes at almost $2.2 million, followed by Franchise/Admin Fees at $1.7 million, and Property and Vehicle taxes at almost $1.6 million. Total Non-General revenue is budgeted at $18,061,653, Total Debt Serving funds at $2.1 million and total revenue budgeted at $30,034,757.
Scott said the City will maintain the same mill levy as last year, .586371. Of that amount, .334086 is for general and .252285 mills is for bonded indebtedness.
The City's 1 cent sales tax, adopted in 1980, is expected to generate $1,615,000 for the 2021-2022 fiscal year.
The tax burden carried by Sidney property owners is divided between several taxing districts, according to a chart provided by Scott. Sidney Public Schools leads with 1.05 mills generating $4,391,591, followed by the City of Sidney at .586370 generating $2.4 million, the Cheyenne County at .406727 generating $1,701,122, the school bond at .163107 generating $682,190, Western Nebraska Community College at .101767 generating $425,637, South Platte Natural Resource District at .048884 generating $204,456, the Sidney Airport at .038123 to generate $159,448, ESU13 at .015494 for $64,803, and the Historical fund at .001462 for $6,115. The numbers are based on the 2020-2021 property taxes.
Scott's presentation shows $586 of the $2,437 property taxes for a $100,000 home in Sidney. He explained that $51 of every $100 in property taxes goes to schools. He added that the City is experiencing difficulty in purchases. Many vehicles have been purchased, but the dealer or manufacturer cannot deliver because specific parts are unavailable. He said there are backorders on “almost everything,” including police cars and trash trucks.
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