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1.7 Percent

Tuesday, December 18, 2012

Hatboro-Horsham to Keep Tax Hike Below 1.7%

By staying under the state cap, Hatboro-Horsham School District won’t have to seek exceptions or go to referendum to approve its budget.

If the Hatboro-Horsham school board hikes the property tax rate in 2013-2014, it won’t be above the state-imposed cap. The board voted unanimously Monday to approve a resolution informing the state it intends to keep any increases to 1.7 percent or below, the limit before exceptions or referendum come into play. Although the board won’t see budget figures for the first time until next month, Robert A. Reichert, director of business affairs for the district, said he is confident of staying below the cap. The district has never sought exceptions or been forced into a referendum, he said. “When the smoke clears, we’ll be under the index again,” said Reichert. “The board does not want to put any additional burdens on the taxpayer. Over the …

Tuesday, May 8, 2012

School Board Adopts Preliminary Budget

As proposed, the spending plan calls for a 1.7 percent tax hike.

Hatboro and Horsham homeowners can expect to pay higher school taxes under Hatboro-Horsham School District’s $86.2 million preliminary budget, which the board adopted Monday night.  The average Hatboro homeowner would pay an additional $51.43 and the average Horsham property owner would pay an extra $75.63 provided the final budget – slated for a June 18 adoption – calls for the same tax levy. The increase represents $42.40 per every $100,000 of assess property value, according to Director of Business Affairs Bob Reichert. The potential tax boost represents a millage increase from 24.992 to 25.416, which is equivalent to a 1.7 percent increase, according to Reichert. Under Act 1, a state law that sets maximum tax-raising thresholds, 1.7 …

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9:36 pm on Tuesday, September 4, 2012

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