FINANCIAL

Financial Information

What is the difference between a bond and a levy?  

A bond is a type of levy.  Generally, the District has three types of levies.  

• First, a general fund levy is what pays for day-to-day expenses (mostly employee 

salaries).  

• Second, the special building fund levy is used for typically smaller capital projects and minor facility needs and capital maintenance in Seward Public Schools.  Due to legal limitations within the special building fund, it is not an adequate source of funds to maintain existing district facilities.  

• Third, a bond levy is used to pay back voter-approved bonds for capital improvements.  Seward Public Schools has typically used the bond levy to fund its comprehensive facility maintenance and improvement plan.  

SPS  uses all three levies in order to maximize its efficiency and meet the educational needs of students and the community as one of Nebraska’s top school districts in the state. 

More information on the District of Seward's budget can be found here.