Politics & Government
School Board to Finalize 2.9% Tax Hike
The Haverford Township School District budget, which increases the millage rate from 26.7305 to 27.5058, goes up for formal adoption on February 7.
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."
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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.
Read the full story here.
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