Lincoln Public Schools is proposing no increase in its tax levy for the 2026-27 budget, according to a preliminary budget preview presented to the Lincoln Board of Education Tuesday. The proposed levy would remain at $1.02 per $100 of property valuation, the same rate approved last year after the Board reduced the levy by nearly 8.8 cents to a historic low.
LPS Associate Superintendent for Business Affairs Liz Standish says the district’s budget planning process begins months in advance and focuses on aligning spending with the district’s strategic plan while preparing for changes in revenue.
Despite a projected loss of nearly $3.6 million in State Equalization Aid and more than $2 million in federal grant funding that has expired or is ending, district officials say a projected 4.75 percent increase in property valuations will allow the levy to remain unchanged…