N-B Numbers: Northern Wells adopts 2014 budget

Northern Wells school board members Tuesday approved the district's annual budget, though the Indiana Department of Local Government Finance will most likely reduce it, as it does all school districts.

For now, though, the budget generates a $1.3311rate and, within that, a $0.5023 rate for the Capital Projects Fund.

The Capital Projects Fund pays for building maintenance, education technology and similar expenses, and it often accounts for the single largest portion of the district's levy.

School boards, then, also adopt a capital projects plan that clarifies where the money goes.

Learn more about the budget in the Wednesday, Oct. 16, News-Banner, and learn more about the plan below by contacting the Northern Wells central office at 260-622-4125.

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