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What happened: During a meeting held virtually, the board adopted a resolution limiting the district from raising real estate taxes above 3% for the 2021-22 school year. That amount represents the state tax cap, or adjusted Act 1 index, assigned to the district.
Why it matters: The districtâs tax rate is currently 12.5711 mills. For taxpayers who own a property assessed at $191,000, the district average, a 3% increase translates to an additional $72 per year. However, the district does not have to raise taxes by the full allowable amount.
Whatâs next: Because an opt-out resolution was approved, a preliminary budget will not be released for public inspection. The board will vote on a proposed final budget in May and adopt a final budget in June.