Funding & Budget
NRDs are primarily financed with tax revenues. In the Lower Platte North NRD, about half of the district's budget comes from a levy on local property taxes. By law, NRDs are limited to a maximum levy of 5.5 cents/$100 valuation. The NRD's levy generally accounts for 1.5 to 2 percent of total local property taxes.
Other funding comes from state and federal grants, local partnerships, and outside sources such as the Nebraska Environmental Trust.
Current Fiscal Year
The Lower Platte North NRD's budget for fiscal year 2014 (July 1, 2013-June 30, 2014) is $11,526,413. The levy is .047231 cents for FY15, which equates to approximately $71 in property tax for a $150,000 home or farm, or $3.31/acre for farm land valued at $7,000/acre.
Project construction is the largest expense category in the budget at 65%. This category includes all land treatment cost-share programs and larger projects such as Lake Wanahoo and the Schuyler 205 Levee Project.
Grants and funding from State of Nebraska sources make up 49% of the district’s projected income for fiscal year 2015, with local property taxes following at 35%.