Cash Surplus Means Lower Tax Levy For Lancaster County
An unusual influx of cash will allow Lancaster County lower its property tax levy, officials said. The county has more more money than usual thanks to federal pandemic aid, a large carry-over of money from this year’s budget and a total revaluation of property in the county. The Lincoln Journal Star reports that most of that money won’t be used in the county’s $128.5 million general fund budget, which is supported by property taxes, but officials still plan to lower the tax levy by 1 cent per $100 of valuation. The general fund budget will increase by about $5.1 million.