Size of anticipated tax hike at Franklin Regional drops
As time passes, the size of the expected tax-rate increase at Franklin Regional shrinks.
Officials approved a preliminary budget last week with a 3.33-mill increase — which is down from the 4.11–mill increase that officials anticipated at the beginning of February. That size of the expected rate increase likely will continue to drop as officials receive more financial data.
“I have no intent of raising taxes (3.3 mills),” board member Kim Bondi said.
Officials expect to spend $49.7 million in 2013-14, nearly 4 percent more than the current school year. But officials also expect to receive more from the state than in the past.
Under the budget proposal released by Gov. Tom Corbett earlier this month, Franklin Regional would receive $12.7 million, nearly $250,000 more than finance director Jon Perry had anticipated. That includes a $150,000 increase in the district's basic subsidy and the proposed renewal of a $105,000 accountability block grant. That grant has been used to fund the district's full-day kindergarten program for the past several years.
State regulations require officials of school districts to begin reviewing their budgets by January, despite not having much firm financial information. Under Act 1 — the state legislation that distributes gambling revenue as property-tax relief — school officials must decide by the end of January if the district will stick to a preset limit for a tax-rate increase.
“At the end of February, we'll have better data,” Perry said.
The district is permitted to raise the tax rate by 1.75 mills under a state-set limit. Officials agreed last week to request an additional 1.48-mill increase from the state to help with mandated retirement-contribution hikes.
However, officials earlier this month said they expect to need about a 1.55-mill increase to balance the final budget.
Board Vice President Joe Seymour said he expects some of the district's $1.1 million deficit to be trimmed throughout March and April. Seymour was optimistic about the size of any potential tax increase.
“We're going to be whittling down to a number between $500,000 and $1.1 million,” Seymour said. “I think even $500,000 is on the high end.”
In Franklin Regional, one mill generates $335,000 in tax revenue.
Daveen Rae Kurutz is a staff writer for Trib Total Media. She can be reached at 412-856-7400, ext. 8627, or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Murrysville athlete runs obstacle course for charity — 7 times
- Home sale tied up with approval of Pucketa Watershed sewer
- Murrysville could abandon sinking Twin Oaks Drive
- Murrysville accepts Sardis Park