Archive for May, 2010

By Michael DiVittorio,
McKeesport Daily News (via Trib)

Steel Valley School District property owners should expect to pay more in real estate taxes next year.

School directors at Tuesday night’s meeting unanimously approved a proposed 2010-11 budget with a tax hike of 2.86 mills, setting the millage at 24.07 mills.

The increase is the maximum allowed by the state, with a .86-mill increase through the Act 1 index and 2 mills allowed through special exemptions. Expenses are listed at $27,570,375 and revenue at $27,950,668, leaving an expected surplus of more than $380,000.

“I don’t like it, but I had to approve it,” school director Donald Bajus said.

The budget will be available for public review June 9, advertised for final adoption June 19, and up for a final vote June 29.

District business manager Mark Cherpak said the proposed budget contains all the revenue and expenses as listed at the last finance committee meeting.

Those figures are $11.2 million in local property taxes, $1 million from delinquent real estate collection, $800,000 from earned income tax, $100,000 from realty transfer tax and $200,000 in other local revenue.

[ Full story available at: http://www.pittsburghlive.com/x/dailynewsmckeesport/s_683022.html ]