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 …
In this Article:
jenortip
9:35 am on Thursday, October 18, 2012
It is simple math. The budget can be balanced if the board can address this.... "The bulk of the district’s costs are fixed, officials said. Of the current $86 million budget, Reichert said 76 percent accounts for staffing and benefit costs – both of which will undergo changes in the upcoming spending plan". more ›