Posted: Tuesday, June 25, 2013 2:05 pm | Updated: 8:45 pm, Tue Jun 25, 2013.
Posted on June 25, 2013
After five years of no increases in school taxes, Morrisville residents might have to brace themselves for a tax hike next year.On Wednesday, the board will vote on the final budget, and so far, it looks like borough residents will have to budget an average of an additional $54 for school taxes next year.
If the budget passes, the owner of the borough’s average property assessed at $18,000 will pay about $3,245 in school taxes next year. The millage would be 180.314 mills.
“The tax increase which is a 1.7 percent increase in the prior millage rate is $175,763 of additional local revenue to help balance the budget,” Paul DeAngelo, the district’s business manager, said.
The district’s preliminary spending plan calls for $17.5 million for the 2013-14 school year. During the 2012-13 year, the district had an $18-million budget.
Owners of the 2,998 properties in Morrisville that pay taxes haven’t seen an increase in five years. During the 2008-09 school year, the millage was 187.3; each year after that the millage was 177.3. During the 2012-13 school year, the average tax bill was $3,191 at the same average assessed value of $18,000, according to district numbers.
To balance the budget in each of those years, the district took money from its fund balance. Since then, the fund balance has dropped to $478,550 from $3 million.
“The tax increase which is a 1.7 percent increase in the prior millage rate is $175,763 of additional local revenue to help balance the budget,” Paul DeAngelo, the district’s business manager, said.
The district’s preliminary spending plan calls for $17.5 million for the 2013-14 school year. During the 2012-13 year, the district had an $18-million budget.
Owners of the 2,998 properties in Morrisville that pay taxes haven’t seen an increase in five years. During the 2008-09 school year, the millage was 187.3; each year after that the millage was 177.3. During the 2012-13 school year, the average tax bill was $3,191 at the same average assessed value of $18,000, according to district numbers.
To balance the budget in each of those years, the district took money from its fund balance. Since then, the fund balance has dropped to $478,550 from $3 million.
5 comments:
yep they drained us dry. you need to invest in your school to have a community i think that is worth $54
Ahhhh come on! You mean we can't reduce revenues and spend our reserves forever?
Musical chairs anyone?
MSD is paying a band teacher over 100K per yr. They are also paying an administrator still listed as a Social Studies teacher about the same. Now the band teacher is teaching a Social Studies class.
The salary info is public information.
What's next? A gym teacher as superintendent?
What's next? That was first.
Don't put down gym teachers, one bad apple don't spoil the whole bunch.
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