TribLIVE

| News


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

Pittsburgh school board drops property tax rate by 30 percent

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.

 

 
 


Show commenting policy

Most-Read Stories

  1. Banged-up Steelers can clinch with win over Chiefs
  2. Starkey: Chryst a miserable failure at Pitt
  3. Ex-Penguins defenseman Niskanen still miffed by coaches’ firings
  4. Pitt football fights to overcome steppingstone status
  5. New York farmers lament lost opportunity for gas riches
  6. Pitt players support Rudolph for job
  7. Pouliot scores in NHL debut as Penguins tame Panthers
  8. U.S. coal mines nearing record low in worker deaths
  9. Police investigate alleged institutional sexual assault
  10. Warning about cop-killer came moments too late
  11. Jeannette company’s miniature steam engines coveted for decades
Subscribe today! Click here for our subscription offers.