TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pittsburgh school board drops property tax rate by 30 percent

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

Daily Photo Galleries


By The The Tribune-Review

Published: Thursday, Jan. 24, 2013, 7:12 a.m.

The Pittsburgh Public Schools Board voted to lower its property tax rate by 30 percent on Wednesday night, although board members aren't sure exactly how much money that will generate for the district.

The tax rate will drop from 13.92 mills to 9.65 mills for 2013 as the district adjusts to Allegheny County's controversial wave of property reassessments, said district spokeswoman Ebony Pugh. Under state law, the district is not allowed to profit from increased property values after a reassessment.

However, the new millage rate includes an increase of 0.16 mills, or 1.7 percent, the maximum increase allowed by state law.

Pugh said the board included the increase because of the uncertainty created by pending appeals of the reassessment that could raise or lower property values in the district. The 1.7 percent hike will create a $3.2 million reserve fund that could be used as a cushion if some assessments are lowered on appeal, she said.

The district's 2013 general fund budget was set last month at $521.8 million.

 

 
 


Show commenting policy

Most-Read Stories

  1. Panthers pulling weight for new strength coach
  2. Kovacevic: Panic over Pirates? In April?
  3. Undersized rookie Gibbons is blur on ice for Penguins
  4. Patience pays off as starting pitcher Volquez gets 1st win for Pirates
  5. Pens insider: Penalty killing a concern in Stanley Cup playoffs
  6. Pirates should exploit free-swinging Brewers
  7. 4 dead in ‘horrific’ Armstrong County crash
  8. Murrysville woman sues Giant Eagle over burns
  9. Body found on train tracks in West End
  10. Penguins’ Bylsma and Blue Jackets’ Richards know each other well
  11. Penn State has hand in discovery of most Earth-like planet yet
Subscribe today! Click here for our subscription offers.