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Coatesville Area school board approved the preliminary 2021-22 budget during the April 27 board meeting in a 7-1 vote with Mary Ann Harris opposed.
The preliminary budget has not changed from the version presented to the finance committee two weeks ago, but officials expect to revise the spending plan between now and final approval at a special meeting June 8.
The budget shows expenses of $187 million and revenues of $178.2 million with no tax increase. By increasing the tax rate 3.9% â the amount the state allows the district under the Act 1 index â the budget gap can be narrowed to $5.6 million.
This raises the real estate tax rate from 38.2018 mills to 39.6917. For a property assessed at $100,000, this translates to a tax increase of $149.
Taxpayers in Coatesville Area School District are looking at a potential 3.9% tax increase for the 2021-22 school year.
Just prior to the April 14 school board meeting via livestreaming, the boardâs finance committee heard a budget update from Lori Diefenderfer, director of business administration.
The latest version of the draft budget shows expenses of $187.1 million and revenues of $177.4 million, leaving a gap of $9.7 million.
Raising the tax rate by the stateâs Act 1 adjusted maximum of 3.9% cuts the budget gap to $5.6 million. The proposed property tax would rise to 39.6917 mills if the board votes to accept the administrationâs recommendation.