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The Omaha Public Schools Board of Education received an update on its long-range budget as it faces a $50.6 million budget shortfall. District administration gave the five-year spending forecast at the board’s meeting Monday night. The district says a miscalculation in the state aid formula means OPS will receive less funding for the 2026-27 school year. According to the forecast, OPS expects to have to increase the levy to $1.05. “We do anticipate that with this potential year of austerity and a flat budget and additional support from the patrons of the district through property taxes, that we will be able to manage through this without any significant impact on our students,” said the district’s chief financial officer, Shane Rhian. “There will be a year of burden on our staff where they won’t see raises as they have become accustomed to, but we feel that the projections show that we can get back to that in the near future, and it will be a short-term thing.”Rhian said the property tax request is based on property valuations. He expects preliminary numbers from the Douglas County assessor in late March or early April. Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
The Omaha Public Schools Board of Education received an update on its long-range budget as it faces a $50.6 million budget shortfall.
District administration gave the five-year spending forecast at the board’s meeting Monday night. The district says a miscalculation in the state aid formula means OPS will receive less funding for the 2026-27 school year. According to the forecast, OPS expects to have to increase the levy to $1.05.
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“We do anticipate that with this potential year of austerity and a flat budget and additional support from the patrons of the district through property taxes, that we will be able to manage through this without any significant impact on our students,” said the district’s chief financial officer, Shane Rhian. “There will be a year of burden on our staff where they won’t see raises as they have become accustomed to, but we feel that the projections show that we can get back to that in the near future, and it will be a short-term thing.”
Rhian said the property tax request is based on property valuations. He expects preliminary numbers from the Douglas County assessor in late March or early April.
Make sure you can always see the latest news, weather, sports and more from KETV NewsWatch 7 on Google search.
NAVIGATE: Home | Weather | Local News | National | Sports | Newscasts on demand |
