Proposed budget calls for 3.4 percent tax hike
Board approves preliminary budget with 3.4 percent increase
WARMINSTER » The Centennial School Board approved preliminary final budget for 2018-19 school year May 8 in the second of the three approval votes for the budget, with the final approval scheduled for June.
The budget includes a 3.4 percent property tax increase for district homeowners, which means the millage rate would rise from 136.6 to 141.02 mills. A mill is equal to $1 in taxes for every $1,000 of a property’s assessed value. For an property assessed at the district average of $26,400, the increase would translate to a $116 tax increase.
The tax increase surpasses the state-allowed Act 1 index increase of 2.4 percent. Under the next year’s Act 1 index, the state-set allowed maximum tax increase, the district is only allowed to increase the rate up to 139.94 mills, but Centennial applied for and received an approval for a special education exception with the state in February.
The expenditures in the working budget amount to $119,991,125, and the revenues total $119,491,125.
Board President Dr. Andrew Pollock previously explained most of the budget’s expenditures, such as labor costs and pension contributions, lie beyond the board’s control, as the expenditures are statemandated and not statefunded.
Pension contributions remain the main concern of many Pennsylvanian school districts. Harrisburg administration has yet to propose a pension reform that school districts across the state have been calling for over the last few years.