Friday, May 24, 2013
A final budget must be approved by June 30.
Residents of the Riverview School District could experience a millage rate increase next fiscal year. Earlier this week, the school board approved an $18.6 million proposed final budget. The current millage rate is 25.3550. However, due to the county-wide property reassessment, the district's millage rate must be reduced to a "revenue neutral" 20.3398. The buget includes a property tax rate of 21.18 mills—an increase of 0.8402 mills. Though the district only was allowed to raise the tax rate by 0.4272 mills, it received state-granted exceptions for retirement and special education costs. According to a letter from district Superintendent Peggy DiNinno, the budget includes the following: According to DiNinno, district officials continue to …
Thursday, March 14, 2013
The tax rate has dropped for Oakmont residents.
Oakmont Borough's tax rate has reduced. Earlier this week, borough council agreed to reduce the millage rate from 4.5 to 3.4 to offset the increased property values stemming from the county's reassessment. Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase. Under the new tax, residents will pay $340 for every $100,000 of assessed property value. ___________________ Plum-Oakmont Patch is on Facebook and on Twitter. Don't forget to sign up for our daily email newsletter by clicking here.
Thursday, March 7, 2013
Officials must decrease the current millage rate due to the countywide reassessment.
Oakmont Borough's real estate tax rate most likely will be decreasing. Earlier this week, borough council discussed reducing the millage rate to offset the increased property values stemming from the county's reassessment. Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase. With the current millage rate of 4.5, residents pay $450 for every $100,000 of assessed property value. Officials said decreasing the tax rate to 3.4 mills, where residents would pay $340 for every $100,000 of assessed property value, would make the borough "revenue neutral." Council could approve the change as early as next Monday, March 11. Plum officials also are …
Tuesday, January 29, 2013
A preliminary budget must be approved by February for the district to apply for tax exceptions.
Riverview officials are working on preparing a preliminary budget that they hope to approve next month. Though a final budget is not due until the end of June, districts that are considering increasing taxes above the allowed state maximum under Pennsylvania's Act 1 of 2006 must send a preliminary budget to the state department of education. To raise taxes above the Act 1 index, which is 0.21 percent for the 2013-14 fiscal year, districts must apply for allowed exceptions—for special education costs, pensions, etc. Riverview School District followed the same procedure last year. District Business Manager Frank Thompson also said officials would have to lower the millage rate due to the county-wide reassessments. Under state law, taxing …
Wednesday, January 9, 2013
The borough's certified reassessment numbers indicate a 20 percent increase.
Plum Borough's real estate tax millage most likely will decrease this year. On Monday, borough Manager Mike Thomas announced that officials had received certified reassessment figures from the county, which indicated that property values in Plum increased 20 percent. The millage rate would have to decrease in order to offset the increase property values stemming from the county's reassessment. Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase. With the current millage rate of 4.3, residents pay $430 for every $100,000 of assessed property value. Thomas said he is expecting a decrease of about a half-mill—3.7 mills, where residents would …
Friday, December 28, 2012
Oakmont officials expect to end the year with a surplus.
Oakmont residents will not experience a real estate tax increase in 2013. During a special meeting Thursday, Oakmont Council approved a $3.66 million budget that holds the real estate tax rate steady. The current millage rate in Oakmont is 4.5 mills—a resident pays $450 in real estate taxes for every $100,000 of assessed property value. It's been about four years since the millage rate increased. However, officials anticipate that they might have to reopen the budget in January. Earlier this month, Allegheny County Judge R. Stanton Wettick Jr. signed and issued an official court order extending the Dec. 31 deadline to Jan. 31 for taxing bodies to adopt 2013 budgets and set millage rates due to the new county reassessments. Many boroughs …
Borough officials approved a final 2013 budget.
Verona residents will not have a tax increase in 2013. During a special meeting Thursday morning, borough council approved a $1.3 million preliminary budget that keeps the tax rate steady with a 5-2 vote. Councilmembers Rhoda Gemellas-Worf and Sandy Drabicki-Bell dissented. The current millage rate is 8.0 mills, meaning a resident pays $800 for every $100,000 of assessed property value. Gemellas-Worf, Drabicki-Bell and many residents in the audience urged officials to hold off on approving the budget until Jan. 31. Earlier this month, Allegheny County Judge R. Stanton Wettick Jr. signed and issued an official court order extending the Dec. 31 deadline to Jan. 31 for taxing bodies to adopt 2013 budgets and set millage rates due to the new …
Tuesday, December 4, 2012
The county's tax rate will be 4.73 mills in 2013.
Allegheny County Council passed a 2013 budget that includes a millage rate decrease. On Tuesday, county officials approved a a $799.4 million budget, reducing the millage rate to 4.73 mills, according to the Tribune Review. The millage was reduced from 2012's rate of 5.69 mills to offset the increase property values stemming from the county's reassessment. Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase. Under the new tax rate, a resident would pay $473 for every $100,000 of assessed property value. County Executive Rich Fitzgerald said in a statement that he is happy with the approved budget. "(I) am glad that we are able to move into…
Monday, June 11, 2012
The millage rate increase proposed for the Riverview School District budget has reduced along with the hours of some high school teachers.
The addition of an elementary teacher at Tenth Street and the reduction of hours for some high school teachers has made an impact on the proposed Riverview School District 2012-13 budget. On Monday, the school board continued its budget discussion, and business manager Frank Thompson announced that the proposed millage rate increase on real estate taxes decreased from last week—from 0.6336 mills to 0.5686 mills (about $56 for someone owning a $100,000 home). That decrease stemmed from the proposal of a reduction of hours for four Riverview High School employees in the foreign language, physical education and instructional support departments. Two teachers' hours were reduced to 75 percent and two were reduced to 50 percent. All positions …
Wednesday, December 28, 2011
Verona Council approved a budget with no tax increase.
Verona residents won't have to pay more in real estate taxes in 2012. On Tuesday, officials approved a $1.1 million budget that doesn't raise the real estate tax millage rate. Councilman Stan Adamski was absent. The current millage rate is 8.0 mills, meaning a resident pays $800 for every $100,000 of assesed property value. The preliminary budget included a $70,000 deficit. The council finance committee met on Dec. 21 to work out the kinks and balance the budget. Currently, revenues are $1.1 million and expenditures are $1.08 million, leaving the borough with a net income of $41,467 at the end of 2012. Borough solicitor Craig Alexander said because this year was an election year, officials have until mid-to-late January to open the budget …
Robert Brayer
2:08 pm on Friday, December 28, 2012
I agree with Ernie it certainly seems odd that we can,t recieve a itemized budget. I wonder if something is being kept from us. This is public information and I want to know where every single one of my tax dollars are being spent! By the way the Council meeting was held at 9:00 A: M: which made it very inconvient for those who work to attend.I also agree with Ms. Carpenter's statements. Bob. more ›