Pine-Richland School Board approves budget with no tax hike
As expected, the Pine-Richland School Board approved the general fund budget for the coming school year with no tax increase at its June 4 planning meeting.
The budget includes total expenditures of $87,672,081 and total revenues of $87,672,081 with no utilization of assigned fund balance. That is a slight change from what was originally anticipated, which was total expenditures of $87,712,600 and total revenues of $87,489,707 with the utilization of assigned fund balance for capital improvements in the amount of $222,893. Superintendent Dr. Brian Miller said at the board's April meeting that those original figures could change in the coming weeks based on the tax listing that it receives in May, enrollment projections, course requirement projections and staff that may be retiring or leaving and other factors.
Last year, the board approved a budget that required a tax increase from 19.2 mills to 19.6 mills, the first rate increase since 2014-15.
The board also established a real estate tax rate of 19.5867 mills, an earned income tax of 0.5 percent, an Act 511 per capita tax of $5 for individuals age 18 and older and a Pennsylvania School Code per capita tax of $5 for individuals age 18 and older. It adopted the 2018 Homestead and Farmstead Exclusion Resolution to authorize a reduction in real estate tax assessments for approved homesteads and farmsteads for the school year beginning July 1, giving those with the exclusion a maximum savings of $184.
Karen Price is a Tribune-Review contributor.