The Tredyffrin/Easttown Board of School Directors last week unanimously adopted a 2018-2019 preliminary budget proposal that would increase taxes on the average home by $178 per year. The preliminary budget includes $147.2 million in expenditures, with a planned 2.42 percent increase in the property tax rate. School officials say the tax hike will help to bring the projected $9.5 million deficit down to about $6.87 million. The proposed property tax rate increase consists of 2.4 percent from the legislated Act 1 index and .02 percent projected from referendum exceptions.
Source: Daily Local; 1/8/2018
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