Credit:Tom Sofield/LevittownNow.com
Taxpayers in the Neshaminy School District will pay the same school tax rate that they did last year.
The school board voted 7-2 to approve the $178,999,077 million spending plan for the 2016-2017 school year. Board members Bob Feather and Mike Morris voted against the budget.
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The tax rate for the average assessed property in the district will remain at 152 mills, and the average property owner will pay $4,193 in school taxes.
The budget features a $8.8 million gap that is expected to be plugged using fund balance, according to district business administrator Barbara Markowitz. She noted the gap is down from $15 million at the start of 2016.
The district will commit about $1 million from the technology fund to invest in infrastructure and another $2 million from the Public School Employees’ Retirement System (PSERS) reserve fund to pay for pension costs, Markowitz said.
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Markowitz told LevittownNow.com the district has planned to use fund balance to cover gaps in previous years but was actually able to come in under budget and even had a surplus last year.
The district has gone several years without a tax increase through cost-saving measures throughout Neshaminy.
