A proposed final Council Rock School District budget for 2019-20 maintains staffing and educational programs at current levels, allocates about $2 million for technology and continues to fund extensive improvements at schools around the district.
The $246.26 million spending plan will be considered by the school board at its April 25 meeting and a vote on a final budget is scheduled for the May 30 meeting, school district Business Administration Director William Stone said.
The proposed final budget has a 2.3 percent property tax increase and recommends taking $4.12 million from the district’s $21.4 million fund balance, or savings account, to close the current gap of $242.14 million in projected revenue and $246.26 million in projected expenses for next school year, he added.
A 2.3 percent tax increase equates to 2.843 mills, or $110 more in taxes for a landowner with a property assessed at the school district average of $38,520.
The tax hike would increase total millage in the district to 126.45, or $4,871 in annual taxes for a landowner with a property assessed at the school district average.
Many working residents also pay a 1 percent earned income tax that is split with the district’s five municipalities of Newtown Borough, Newtown Township, Northampton, Upper Makefield and Wrightstown.
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