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News Eagle - Hawley, PA
  • School tax rates set on final day

  • WALLENPAUPACK - Unable to wait any longer for the Pennsylvania Legislature to pass the state budget- due by July 1st, the Wallenpaupack School Board met the day before to set the tax rates and school's budgetary plan for the 2014-2015 school year.
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  • WALLENPAUPACK - Unable to wait any longer for the Pennsylvania Legislature to pass the state budget- due by July 1st, the Wallenpaupack School Board met the day before to set the tax rates and school's budgetary plan for the 2014-2015 school year.
       Keeping a watchful eye on developments from Harrisburg, Superintendent Michael Silsby said that whether the House or Senate versions is approved, the School District could anticipate $50,000 to $70,000 savings from their planned fund balance. The present budget also takes into consideration the pension contribution rate set by the Pennsylvania Public School Employees' Retirement System (PSERS). If Governor Corbett's proposed pension reform is enacted, the difference could mean another $300,000 for Wallenpaupack.
      Based on numbers available to them, the board agreed to a budget containing expenditures of $65,083,947 and revenue of $64, 236,680.  The fund balance is $847,267. This is based on the following tax rates, which differ by the two counties sharing Wallenpaupack Area School District:
    PIKE COUNTY
    67.5659 mills, representing an increase of 1.63% over the last school year.
    WAYNE COUNTY
    13.5451 mills, representing an increase of 3.02% over the last school year.
       The two county tax rates are different because each county determined assessed real estate values in a different manner. A formula used by the State Tax Equalization Board  converts the assess value to market value, so that a similar amount of tax dollars will be generated per mill in each county.
       For Wayne County, this is the largest percent tax increase since 2010-2011 when the rate went up 3.97%. In Pike County, the tax increase percentage has dropped each year since 2011-2012.
       The Governor, Silsby noted, has been pushing for his pension reform plan. Not having enough Republican votes, Corbett was going after the Democratic legislators as the July 1st deadline neared.
        In other matters:
    • The School Board approved a resolution authorizing homestead and farmstead exclusion real estate tax assessment reductions for the school year starting July 1, 2014.
    • Allyson Bayly was approved as a long term substitute High School Special Education Teacher.
    • The next regular School Board meeting is scheduled Monday, August 18 at 6 p.m. in the High School Library. A committee meeting precedes it at 5:30 p.m.
     

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