|
|
|
The Western Wayne School Board unanimously adopted a $39 million tentative budget plan on Monday for next school year that does not depend upon a tax increase.
School property taxes will remain at 13.8 mills, meaning a homeowner with an assessed property value of $100,000 pays $1,384.
“All of our staff has worked very hard to get us where we’re at” having no tax increase in the budget, said board vice president Donald McDonough.
The board will vote to finalize the 2009 - 2010 school year budget at its June 8 public meeting. A tentative budget vote serves as an official step in the process of passing the final budget.
An estimated $200 will also be subtracted from the bill by way of the state’s property tax relief fund, which collects revenue from Pa. slots casinos.
Additionally, a property owner can receive a two percent discount if the entire amount of school tax due is paid within two months after tax notices are sent out.
Without raises taxes, the district will need to use a portion of its $3.9 million savings account to offset a projected $1.26 million deficit due to contracted salary increases, among other anticipated expenses.
The district is also allowed to use $187,410 of federal stimulus funds, of a total of more than $1 million it received, to patch the budget, per federal and state regulations.
In other business on Monday the board:
• appointed Brian T. Kelly, CPA, to audit the district’s books at a cost of $20,200.
• approved a Future Business Leaders of America trip to Anaheim, Calif. at a cost of $21,545.
• approved the board secretary’s salary for the 2009 - 2010 school year at $3,000.
( School Property Tax Equation: Assessed Value ($100,000) / 1,000 = 100 ; then, 100 X 13.845 (property tax rate) = $1,384 )
The Western Wayne School Board unanimously adopted a $39 million tentative budget plan on Monday for next school year that does not depend upon a tax increase.
School property taxes will remain at 13.8 mills, meaning a homeowner with an assessed property value of $100,000 pays $1,384.
“All of our staff has worked very hard to get us where we’re at” having no tax increase in the budget, said board vice president Donald McDonough.
The board will vote to finalize the 2009 - 2010 school year budget at its June 8 public meeting. A tentative budget vote serves as an official step in the process of passing the final budget.
An estimated $200 will also be subtracted from the bill by way of the state’s property tax relief fund, which collects revenue from Pa. slots casinos.
Additionally, a property owner can receive a two percent discount if the entire amount of school tax due is paid within two months after tax notices are sent out.
Without raises taxes, the district will need to use a portion of its $3.9 million savings account to offset a projected $1.26 million deficit due to contracted salary increases, among other anticipated expenses.
The district is also allowed to use $187,410 of federal stimulus funds, of a total of more than $1 million it received, to patch the budget, per federal and state regulations.
In other business on Monday the board:
• appointed Brian T. Kelly, CPA, to audit the district’s books at a cost of $20,200.
• approved a Future Business Leaders of America trip to Anaheim, Calif. at a cost of $21,545.
• approved the board secretary’s salary for the 2009 - 2010 school year at $3,000.
( School Property Tax Equation: Assessed Value ($100,000) / 1,000 = 100 ; then, 100 X 13.845 (property tax rate) = $1,384 )
