Coatesville Area School District s $187millon spending plan has no major changes since the last update, but officials are seeking ways to close a $6.9 million gap before final adoption June
Coatesville Area School District continues to work toward closing a gap between expenses and revenues in the 2021-22 budget.
Director of Business Administration Lori Diefenderfer and Superintendent Tomas Hanna on May 11 told the finance committee prior to the board meeting the latest figures show revenues of $178.2 million without a tax increase, and expenses of $185.1 million. That gap of $6.9 million between expenses and revenues would be reduced to $2.7 million if the board chooses to increase the tax rate by the 3.9% allowed by the state.
The 3.9% tax hike would raise the current 38.2018 millage rate to 39.6917. In the case of a property assessed at $100,000, the tax increase would be $148.99.