Credit: Tom Sofield/LevittownNow.com
A regular complaint in Bristol Township is that school taxes seemingly increase every year.
However, the school board bucked the trend Wednesday evening and passed a $143,788,255 spending plan that keeps the millage rate steady at 220.14.
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The favorable budget for taxpayers includes new and better contracts with vendors, an increase in state revenues thanks to new distribution formulas, and increased investment income due to the good economy, said Josh Sweigard, the district’s business manager.
District staff worked over the past few weeks to continue to look for cost savings and ways to halt the trend of increasing school taxes.
The district has budgeted about $2.4 million that will be taken from fund balance to cover a budget deficit, but it doesn’t expect to use the full amount.
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Sweigard said the district has about $8,480,796 in unrestricted fund balance, often called a “rainy day fund.”
The district did see some increased expenditures driven by increases in state-mandated pension contributions, charter school tuition, and health care.
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