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Franklin Regional approves budget with property tax hike

Patrick Varine
| Monday, June 19, 2017, 8:57 p.m.

Franklin Regional school board officials approved a 2017-18 budget that bumps up property taxes by 2.63 mills.

The $56.5 million budget has not changed substantially from the preliminary version the board approved last month.

The proposed final budget would see district tax millage rise to 93.62 mills; for a resident with a home assessed at the district average of $36,288, the millage hike would mean an additional $95.

Revenue is supplemented by $830,000 from a fund earmarked for pension contributions, as well as just over $100,000 from the district's unassigned fund balance.

The board approved the budget by an 8-0 vote. Board member Jeremy Samek was not present.

Patrick Varine is a staff writer for the Tribune-Review. He can be reached at 724-850-2862, or via Twitter @MurrysvilleStar.

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