OMAHA, Neb. (KMTV) — Omaha Public Schools is facing a $50 million budget shortfall heading into next year, and property owners could end up paying more to help close the gap.
The district has released its preliminary budget, which would keep overall spending around $850 million — roughly the same as this year. This was explained at Monday’s board meeting at the TAC building. The source of that funding could shift significantly, with more money coming from local taxpayers and less from the state.
At the center of the shortfall is a $30 million error by the Nebraska Department of Education in its funding formula…