Elanco reviews updated budget with 2 22% tax increase lancasteronline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lancasteronline.com Daily Mail and Mail on Sunday newspapers.
Several Lancaster County school districts in recent days have announced expectations for the next school year, signaling a return to school as it once was: five days a week in-person
When: Eastern Lancaster County school board meeting, May 17.
What happened: The board adopted a $60.97 million proposed general fund budget for the 2021-22 school year, which calls for a tax increase of 2.22%.
What it means: As of next school year, taxpayers who own a property assessed at $192,856 â the district average â would pay an additional $53 in taxes.
Overview: The new tax levy is set at 12.8500 mills, up from 12.5711. Overall, the district estimates revenues of $58.36 million, up 3.30% from 2020-21, and predicts $60.97 million in expenses, up 3.16% from the current year. Last meeting, board members voiced support for enacting a 2.0% to 2.5% tax hike, which would decrease an adjusted $2.6 million deficit between revenues and expenses by $683,670 to $855,268. District reserves and about $750,000 in additional real estate tax revenues will be used to cover this deficit.
When: Eastern Lancaster County school board meeting, May 10.
What happened: The board reviewed options to reduce a $3.36 million deficit in its general fund budget for the 2021-22 school year with a potential 1.5% to 3.0% tax increase.
Overview: Currently, the district projects revenues of $57.61 million in 2021-22, up 1.97% from 2020-21, and predicts $60.97 million in expenses, up 3.15% from the current year. The district will allocate $2 million from its fund balance to cover a sizable portion of the $3.36 million deficit between revenues and expenses. Chief of finance and operations Keith Ramsey said enacting a 1.5% to 3.0% tax increase can help balance the budget. Board members voiced informal support for a 2.0% to 2.5% tax hike, which would decrease the deficit by $683,670 to $855,268. District reserves would be used to cover the remainder, Ramsey said.
Lancaster County school district superintendents will join state lawmakers and education funding activists in a virtual forum on education funding at 2 p.m. Thursday.
The forum, moderated by Democratic state Rep. Mike Sturla, of Lancaster, will feature presentations and discussions about how to make basic education funding more equitable in Pennsylvania. The public is invited to view the forum at RepMikeSturla.com.
Sturla is expected to speak on his legislation that would accelerate full implementation of the stateâs fair funding formula established in 2016. Currently, only new additional money allocated in each yearâs state budget runs through the formula. Sturlaâs bill would establish a plan so all basic education dollars would flow through the formula in 10 years.