Tax Rate Will Remain Unchanged At Greater Nanticoke Area
The Greater Nanticoke Area School Board has proposed a $30.9 million budget with no increase in the property tax rate.
The property tax rate would remain 11.9113 mills under the budget proposal. A mill is $1 on every $1,000 in property assessment.
The board is required to adopt a final budget by June 30 for the 2018-19 fiscal year. The fiscal year starts July 1.
The school district projects $31 million in revenue with $19.3 from the state, nearly $9.9 million from local sources and nearly $1.9 from federal sources. Property taxes for the upcoming year are expected to generate $6.6 million in local revenue.
The budget would allocate $20 million for instruction, nearly $1.7 million for debt payments, nearly $2 million for transportation and nearly $2.3 million for the operation and maintenance of plant services.
— MICHAEL P. BUFFER