The Neshaminy School Board approved the district’s preliminary spending plan for the 2017-2018 fiscal year last week.
The school board unanimously voted to adopt the $188,185,566 preliminary budget that comes with the possibility of a 2.5 percent tax increase, equaling about $105 more per the average assessed property.
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“I would emphasize that this is just the preliminary budget, and will most likely change before the final version is presented. The tax increase is possible, but is certainly not definite at this point,” district spokesman Chris Stanley said.
In January, Neshaminy business administrator Barbara Markowitz said the preliminary budget is a long way from the final budget that will be approved in late June.
The district administration will work into June to reduce the $9.2 million gap between expenses and revenues.
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Also at the meeting, the school board voted to file for an Act 1 exemption that would would allow them to raise taxes past 2.5 percent if needed. Neshaminy listed special education costs and rising pension contributions among the reasons for the request in a document that will be sent to the Pennsylvania Department of Education.
