Spring-Ford Final Budget Raises School Taxes 2.58%
ROYERSFORD PA – Taxes paid to the Spring-Ford Area School District by property owners there will increase 2.58 percent over last year, its Board of School Directors agreed Monday (June 8, 2020), the district reported. Board members adopted a final budget of almost $172.1 million for the 2020-2021 academic year during a special meeting.
The tax increase equals .7092 mills, which equates to an additional $70.92 on every $100,000 of assessed property value, the district explained. The district’s total tax millage rate now stands at 28.1869.
In several discussions since April 14 between members of the board Finance Committee, the full school board, and administrators, the district examined “potential expense increases and revenue losses” during the coming year it said were attributable to the coronavirus pandemic and its effects.
The talks, it added, also included “possible reductions that could be made to the 2020-2021 budget,” considering scenarios for those changes, and reaching an understanding of “how those reductions would impact the 2020-2021 budget as well as the 2021-2022 school year budget.” Those efforts, and “extensive work” in Spring-Ford’s business office ultimately helped trim the final budget, its release indicated.
To make tax payments easier, according to the district, its board also approved adjustments for the 2020-2021 academic year only:
- Discount Period. Taxpayers who pay early in full receive a 2-percent discount on their bill. The Discount Period ends Aug. 31 (2020).
- Flat Tax Period. The flat-tax period (for full payments made not subject to discounts or late penalties) is being extended from two months to three months to end Nov. 30.
- Penalty Tax Period. The penalty-tax period, for late payment of real estate taxes, is reduced from two months to one month in another move to help taxpayers. It is scheduled to begin Dec. 1, rather than Nov. 1.
- Installment Payments. The number of installment payments for real estate taxes is increased from three installments to four, due respectively on Aug. 31, Sept. 30, Oct. 31, and Nov. 30.
- Rebates. Additionally, the board enabled certain senior citizens, widows, widowers, and disabled persons with fixed and limited incomes to benefit from state-provided property tax and rent rebates.
Watch a video of the board’s Monday meeting, at which the budget was adopted, at top.
Video and photo from the Spring-Ford Area School District via YouTube