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Marple Newtown presents final budget for May adoption; tax rate unchanged at 3.45%
Summary
District staff presented changes to the proposed final budget and said the district will present a balanced $115.7 million final budget and related tax levy motions for adoption later this month; revenue shifts mainly reflect increased state property tax relief and higher transportation reimbursement, offset by salary savings.
The Marple Newtown School District presented changes to its proposed final budget Wednesday and told the board it will bring a balanced $115,700,000 final budget, annual tax levy and homestead/farmstead resolutions for formal adoption later this month.
The presentation by a finance staff member outlined revenue and expenditure changes since the district adopted a proposed final budget in April, including a drop in local revenue offset by an increase in state sources tied to a larger state property-tax relief allocation and a higher transportation subsidy. “In summary, we're adopting a balanced budget with $115,700,000 of expenses and revenue, and the tax increase stayed the same as what was presented in April at the…
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