Lincoln Public Schools is proposing a 7-cent levy reduction as part of its preliminary 2025–2026 budget — bringing the property tax rate to a historic low of $1.04 per $100 of valuation.
The Lincoln Board of Education held a work session on Tuesday, June 24, to preview the budget as presented by Associate Superintendent for Business Affairs Liz Standish.
The proposed $558.7 million budget includes a 3.63% increase in spending over the previous year, with nearly all of that growth tied to previously approved salary and benefit increases for staff. LPS says about 89% of its budget is spent on employee compensation…