With state law requiring school districts in Iowa to pass their budget by April 15, the Humboldt School Board met the deadline by approving its 2015-16 budget Monday night (April 13) in a special meeting. After a public hearing, the board approved a budget totaling $22,978,142. The figure is based on a property tax rate of $13.73808 per $1,000 of assessed valuation. Since the Iowa Legislature has yet to pass a school funding bill, Humboldt went the route that many other districts in Iowa are taking, passing a budget before the legal date with enough wiggle room to bring the final spending figure down when lawmakers finally approve the amount to be distributed in state aid.