Pequea Valley School District property owners would have a 4.33-percent increase in real estate taxes if an approved preliminary budget is adopted as the spending plan for next year.
The school board, during a meeting Tuesday April 30, voted 8 to 1 in favor of the preliminary budget.
However, some board members challenged John Bowden, the district’s chief of finances and operations, to find further cuts before the 2013-14 budget comes to a final vote.
The current millage is 16.8898, a rate at which the owner of a property assessed at $100,000 would pay $1,688.98. With the proposed millage of 17.6211. the same property owner would pay $1,762.11.
The preliminary budget puts expenses for the 2013-14 school year at $32,098,860, up $1,241,587 — or 4 percent — from the 2012-13 school year.
Income for the 2013-14 school year is $31,424,365, up $1,160,552 — or 3.8 percent — from 2012-13.
To make up for a shortfall of $674,495, Bowden said, the preliminary budget uses the 1.7-percent tax increase allowed by Act 1 as well as special exceptions for the teacher’s retirement rate and part of a special exception for special education.