TribLIVE

| News

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

Pittsburgh school board drops property tax rate by 30 percent

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

By The The Tribune-Review
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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Big plays cost Steelers defense in preseason loss at Bills
  2. Steelers notebook: Tomlin mum on Bryant suspension
  3. Rossi: Beleaguered Steelers need MVP from Big Ben
  4. Happ’s strong start, Ramirez’s homer pace Pirates past Rockies
  5. Pirates notebook: Hurdle’s faith in Polanco pays off
  6. Pitt star running back Conner remains grounded despite success
  7. Patience serves as virtue amid pitching prospect Glasnow’s quest for majors
  8. Port Authority’s plan for car-free communities slow to bear fruit
  9. Architecture: Pittsburgh history in 10 houses
  10. Pennsylvania welfare employees targeted in crackdown
  11. Shaler man charged with homicide, abuse of corpse in McKeesport woman’s death