After 8 years of hikes, Seneca gives break to taxpayers

June 11, 2018 Cranberry Breaking News

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After eight years of hikes, Seneca Valley School District passes a $136.5 million budget with no tax increase for 2018-19.

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.

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