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Belle Vernon Area SD previews 2-mill tax increase in final budget to be voted next week
Summary
At the June 16 work session, finance staff previewed the final budget that the board is expected to adopt next week; the administration said the budget includes a 2-mill increase and estimates that would add about $94 per year in school tax for a typical West Morland County assessed house ($47,000 assessed value).
District finance staff told the board at the June 16 work session that the final budget the board will consider next week includes a proposed 2-mill increase to school taxes.
Chris (finance) summarized the finance agenda items and said the administration plans to present the final budget for adoption next week that will include a two-mill tax increase; the presentation also included a homestead/farmstead resolution and the tax levy figures: 93.3 mills in West Morland County and 20.41 mills in the other county. Chris explained that a two-mill increase would translate to roughly $94 per year for a home with a $47,000 assessed value in West Morland County under the district’s example.
Finance staff said the increase was part of a package of budget measures that included updated state revenue projections, spending cuts and an allocation of $205,000 into reserves from the new levy. The board discussed the need to see tax-impact modeling for taxpayers and confirmed there appeared to be at least five votes among board members to proceed to finalize the budget for next Tuesday’s vote.
No formal vote occurred at the work session; the board directed staff to finalize materials and to coordinate with bond counsel and the district’s financing team to provide detailed tax-impact scenarios for the public. The adoption of the final budget and tax levy was scheduled for the next regular meeting.
