The Bristol Township School District could be raising taxes for the 2014-2015 school year, but the board voted on a resolution Tuesday night that would cap the increase at the state’s Act 1 limit of 2.7 percent
District Superintendent Dr. Samuel Lee said the district could bring in about $2 million in revenue if taxes were raised to the Act 1 limit. During last year’s budget cycle, the district raised taxes by the previous Act 1 limited of 2.2 percent to help fill a budget gap.
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Officials said the budget is not in as bad of shape as it was last year when the district rushed to fill a nearly $6 million dollar budget gap in the days leading up to the June deadline.
Gov. Tom Corbett’s state budget address next week will be important for the district. The governor, according to media reports, plans to hike spending on education. Previous, Corbett has cut state funding for districts. The cuts have hurt Bristol Township School District, Lee said. Currently, Bristol Township gets $34 million in state aid, which is the highest state aide ratio in Bucks County.
Lee also said contracts negotiations with the teacher, administrator and other district unions will play a role in the budget.
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Cuts in operations and transportation are paying off and the district’s financial ship is righting, Lee told LevittownNow.com. In the early draft of the 2014-2015 budget, no layoffs are planned.
The district plans to hold a budgeting workshop on February 27.
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