East Penn School District
East Penn's 2013-14 Budget to Stay Within State Tax Cap
Directors decided East Penn School District does not need the safety net of going beyond its index this year.
The East Penn Board of School Directors on Monday unanimously agreed not to exceed its state-imposed tax cap of 1.7 percent as it hunkers down to formulate its 2013-2014 budget. Each year the state calculates a rate cap for each district. For 2013-14, East Penn's rate cap -- the maximum amount taxes could go up -- is 1.7 percent. The calculation does not mean taxes will automatically go up 1.7 percent, but they won't go higher than that. For the past several years the board voted to exceed the maximum tax rate decided for the district by the state, but this year it doesn't need to. Before the vote, Business Manager Debra Surdoval presented the budget outlook which also included a look back at the 2012-13 fiscal year. "The ending fund …
Giovanni Landi
3:52 pm on Thursday, January 17, 2013
for real – your comment makes no sense. Did you even read the article? You are saying that Stolz and Donches are bad because they wanted to spend down the excess fund balance instead of raising taxes. You said "this would have destroyed the credit rating and had major negative consequences". Well I hope you're going to attack the administration with this same logic now that they are recommending … more ›