(KLZA)--The Pawnee City Board of Education approved both the fiscal year 2017-18 budget and tax levy following public hearings Tuesday evening.  

Board members approved the property tax levy of one-dollar, three-point five cents per $100 of assessed valuation.  That is a decrease of approximately 3-tenths of a cent from the previous year.

The total property tax requirement will be $3,475,263, which includes $131,313 for bond payments. The property tax requirement is $182,334 more than last year.

The General Fund Budget is $5,488,427, which is nearly $442,000 higher than the previous year.