No Tax Increase Expected For CV
The school district will be able to pull some money out of a rainy day fund to keep taxes level.
The Chartiers Valley School District doesn’t expect to raise taxes this year as officials put together the 2012-13 budget.
The school board unanimously passed the $52.823 million budget proposal and probably will vote on a final budget in June.
Nicholas Morelli, the district’s business manager, said they will be able to pull some money out of the rainy day fund to keep taxes level at 19.88 mills. He said they’re still “massaging” the line items and could make some changes over the next month.
“We are fortunate we have a nice tax base with a blend of residential and business,” Morelli said. “We’ve been able to keep millage (rates) lower for a number of years.”
The operating budget is about 5.6 percent higher than last year, which Morelli said is mainly due to salary increases. He said the district probably will pull about $1.2 million from the rainy day fund balance to fill the revenue gap and prevent a tax increase.
A property owner whose home is currently assessed at $100,000 will pay $1,988 in school taxes next year. The countywide reassessment will not affect a property owner’s next school tax bill.
Morelli said the assessments most likely will impact how the district has to put together next year’s budget.
“The assessment issue is a hot topic with people filing appeals,” he said.