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Lawrence Township finance director outlines 2025 budget, warns of uncertain legislative impacts
Summary
Finance director Matt Miles told the board the district's 2025 levy will be slightly lower than advertised and outlined how state adjustments and pending bills could affect local revenue, including an estimated but uncertain multi‑year impact cited from early analyses.
Matt Miles, the district finance presenter, told the Lawrence Township School Board on Feb. 28 that the advertised 2025 tax rate is expected to fall slightly once the Department of Local Government Finance (DLGF) finalizes adjustments.
Miles said last year’s appropriated budget permitted spending of about $234 million; the district’s 2025 appropriated budget figures are lower in the presentation, and the actual tax rate is anticipated to be just over $1.12 per $100 of assessed value. He explained the distinction between assessed value subject to local caps and the…
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