NBC District Looking at Tax Increase for 2024 Budget

Northern Bedford County School District Superintendent Todd Beatty stated that while the district is looking at a 3.65% tax increase with a millage of 9.62% Northern Bedford still has the lowest millage rate but the highest median income of any district in the county.

A preliminary budget for 2024/25 with revenues of $15,706,835 and expenditures of $16,480,332 leaving a deficit of -$773,497 was approved by the school board. This represents a difference of $40,000 from last year’s budget.

Beatty said the 3.65% tax increase was half of the allowable tax hike under Act I of 7.3%. This would repre...