Fargo School Board Posts Preliminary Budget
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Published: Jun. 27, 2022 at 9:41 PM CDT
FARGO, N.D. (Valley News Live) - The Fargo Board of Education has released its preliminary budget for the upcoming school year.
In it, they note the tax rate remains the same, 126.78 mills. But they project a roughly 7.5% increase in property tax revenue.
As far as expenses, the biggest increase comes from the cost of utilities.
They’re budgeting for a 128% increase in the cost of natural gas; a 38 percent increase in fuel oil; and a 16% increase in gasoline costs.
The budget is set to be discussed at Tuesday’s (6/28) school board meeting.
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