JACKSON TWP — There will be no tax increase for Seneca Valley School District residents this coming school year.
The school board approved the 2018-19 final budget of $136.5 million Monday with no property tax rate increase. This is the first time since the 2009-10 school year that the budget has not required a real estate tax hike.
The millage rate will remain at 126 mills, although the value of a mill is expected to increase to $592,645 thanks to new real estate added to the tax roll.
The increase in the value of a mill will generate about $1.9 million more for the school district in 2018-19.
The budget includes $128.5 million in revenue, and $131.5 million in expenditures.
There is also $3 million in the fund balance being used to balance the budget.
The district also will transfer $5 million into the capital reserve fund.
Read more in the Cranberry Eagle.