School District of Haverford Township taxpayers will see a 2.9 percent tax hike the Delaware County Daily Times is reporting.
According to the paper, owing primarily to a $700,000 wage jump and a $2.3 million increase in the district’s obligation to the Public School Employees’ Retirement System, millage rates will go from 26.7305 to 27.5058 when the 2013-14 budget is adopted February 7.
"What’s really scary,” school director Phil Hopkins said at a recent meeting, “[is] if you do a budget to budget analysis, is that you have wages going up by about $700,000 and benefits going up $3 million. That’s not a sustainable situation."
The budget brings in $96.5 million in revenues against $98.4 million in expenses. The district will make up this deficit from its fund balance.
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