79-1086 Class V school district; board of education; budget; how prepared; certification of levy; levy of taxes. - Nebraska Statutes

79-1086. Class V schooldistrict; board of education; budget; how prepared; certification of levy;levy of taxes.(1) The board of education of aClass V school district that is not a member of a learning community shallannually during the month of July estimate the amount of resources likelyto be received for school purposes, including the amounts available from fines,licenses, and other sources. Before the county board of equalization makesits levy each year, the board of education shall report to the county clerkthe rate of tax deemed necessary to be levied upon the taxable value of allthe taxable property of the district subject to taxation during the fiscalyear next ensuing for (a) the support of the schools, (b) the purchase ofschool sites, (c) the erection, alteration, equipping, and furnishing of schoolbuildings and additions to school buildings, (d) the payment of interest uponall bonds issued for school purposes, and (e) the creation of a sinking fundfor the payment of such indebtedness. The county board of equalization shalllevy the rate of tax so reported and demanded by the board of education andcollect the tax in the same manner as other taxes are levied and collected.(2) The school board of a Class V school district that isa member of a learning community shall annually, on or before September 20,report in writing to the county board and the learning community coordinatingcouncil the entire revenue raised by taxation and all other sources and receivedby the school board for the previous school fiscal year and a budget for theensuing school fiscal year broken down generally as follows: (a) Theamount of funds required for the support of the schools during the ensuingschool fiscal year; (b) the amount of funds required for the purchase ofschool sites; (c) the amount of funds required for the erection of schoolbuildings; (d) the amount of funds required for the payment of interest uponall bonds issued for school purposes; and (e) the amount of funds requiredfor the creation of a sinking fund for the payment of such indebtedness. Thesecretary shall publish, within ten days after the filing of such budget,a copy of the fund summary pages of the budget one time at the legal rateprescribed for the publication of legal notices in a legal newspaper publishedin and of general circulation in such city or village or, if none is publishedin such city or village, in a legal newspaper of general circulation in thecity or village. The secretary of the school board failing or neglecting tocomply with this section shall be deemed guilty of a Class V misdemeanor and,in the discretion of the court, the judgment of conviction may provide forthe removal from office of such secretary for such failure or neglect. SourceLaws 1891, c. 45, § 21, p. 325; Laws 1899, c. 68, § 1, p. 299; R.S.1913, § 7027; C.S.1922, § 6658; C.S.1929, § 79-2721; Laws 1931, c. 146, § 1, p. 400; Laws 1937, c. 183, § 1, p. 722; C.S.Supp.,1941, § 79-2721; R.S.1943, § 79-2722; Laws 1945, c. 214, § 1, p. 628; Laws 1947, c. 298, § 1, p. 913; Laws 1949, c. 271, § 4, p. 889; Laws 1949, c. 256, § 264, p. 780; Laws 1955, c. 320, § 1, p. 989; Laws 1976, LB 757, § 2; Laws 1979, LB 187, § 240; Laws 1992, LB 1063, § 198; Laws 1992, Second Spec. Sess., LB 1, § 169; R.S.1943, (1994), § 79-1007; Laws 1996, LB 900, § 732; Laws 2006, LB 1024, § 99; Laws 2009, LB549, § 36.AnnotationsThe county board of equalization makes the levy of taxes for a school district. C. R. T. Corp. v. Board of Equalization, 172 Neb. 540, 110 N.W.2d 194 (1961).