The Indianola School Board approved their FY2021 budget at their most recent meeting, a budget that includes a tax decrease. Superintendent Art Sathoff tells KNIA News the tax levy of $17.99/$1,000, which is a $.51 decrease from last year, and the district is still in a healthy financial state.

“Our budget was in a good place coming into this position, and we feel we can ride this out. The bigger question will be at the state level. What it means to the statewide sales tax, the SAVE funds, as well as school aid going forward and any potential cuts. There is a trickle down effect, both locally and at the state level.”

Sathoff also said the district refinanced bonds from 2015 recently, resulting in more than $2,400,000 of savings in future interest, and since 2015 the district has refinanced and prepaid bonds multiple times, saving taxpayers over $7,000,000 in interest.