Rose Tree Media’s new budget raises taxes almost 3 percent

Rose Tree Media’s new budget raises taxes almost 3 percent
After considering the comments of more the 500 homeowners who attended the taxpayer forums, Rose Tree Media School Board members approved the 2017-2108 proposed final budget of $95.9 million and a corresponding 2.98 percent tax hike. The increase will set the new rate at 25.1 mills. Based on the average assessment of $208,300 for homes within the district, the typical tax bill will be $5,227, or an additional $173. The homestead exclusion for those who qualify will provide an anticipated $220 property tax reduction. The proposed increase represents the district’s Act 1 index of 2.5 percent, as set by the state, and an additional .48 retirement referendum exception. The board had not previously made a request for an exception since the 2008-2009 budget, when taxes were raised 4.8 percent.
Source: Daily Times; 5/22/2017

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