For the first time in at least a decade, Seneca Valley officials unanimously agreed on a school budget. At Monday’s meeting, school board members voted 7-0 to approve the $101,007,381 proposed budget for the 2013-14 school year.
In order to cut the budget deficit, the school district raised the real estate taxes by 2.75 mill in the surrounding area. Proposed expenditures for the budget total about $101 million. Revenues are estimated at about $99.5 million. By raising taxes 2.75 mills, the budget covers a $1.44 million shortfall for next year.
For homeowners this means that based off the average market value of a home in the district of about $175,000, the homeowners can expect to pay an additional $64 in school taxes per year with the increase.
With Monday’s approval, the proposed budget will now be on display to the public through mid-June. Officials are expected to vote at the June 17 school board meeting on whether to adopt a final budget.