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Preliminary School Budget Formally Adopted

The Upper Moreland School Board adopted the preliminary budget that will see an increase of $77.29 on taxes for a home valued at $127,250.

The Upper Moreland Budget and Finance Committee held a Special Action meeting Tuesday to make a decision whether or not to adopt the preliminary budget that would see an increase in real estate taxes for 2013-14.

Members of the School Board voted to adopt the budget that currently sits at a $861,493 gap, which was decreased from the original gap of $1,693, 872.

The 2013-14 Budget is in the amount of $57,160,250 representing a real estate rate of 27.38 mills, and 1/2 of 1 percent earned income and net profits tax on all residents earning at least $4,000 per year.

Business Manager Michael Braun said the school board picked up $266,119 in revenue while $512,260 of expenses was cut out.

For a home assessed by the county at a value of $127,250, homeowners would see an increase of $77.29 on their tax bill.

"In order to reduce that gap, there will have to be cuts," said Braun. "We're still several months away (from officially adopting the budget) and there are a lot of things that can happen."

Assessment 1,454,797,797 Tax Rate 27.38 mills Real Estate Tax $39,832,364

The School Board will discuss the budget and how to decrease the gap in its upcoming meetings. Final decisions about cuts don't have to be made until the summer.

The Millage increase represents a 2.27 percent increase from the previous year. And the Budget Expense will see an 3.37 percent increase.

The Earned Income and Net Profits Tax will be adopted on all residents and inhabitants earning at least $4,000 per year, at a rate of 1 percent for the 2013-2014 fiscal year.

The Realty Transfer Tax will be adopted for the 2013-2014 fiscal year with the estimated income to be $450,000.

Upper Moreland Township School District Notice of Act 1 Referendum Exception

A final decision on the budget must be made by July 1.

Nick Scull February 21, 2013 at 03:40 PM
The Upper Moreland Democratic Committee is looking for School Board Director Candidates for 4 positions. Contact us at UMDEMS@aol.com
brian shannon February 21, 2013 at 11:47 PM
Pass this web site on: http://www.ptcc.us/arc021913.htm Elimination of property taxes, makes the school boards more responsible to the entire taxpayer base
Billy Slater February 22, 2013 at 12:18 AM
WE ARE BEING TAXED TO A BREAKING POINT THIS IS RIDICOLOUS PEOPLE ON A FIXED INCOME ARE BEING FORCED OUT OF THEIR HOMES DUE TO THESE NEVER ENDING TAX INCREASES!
brian shannon February 22, 2013 at 12:40 AM
Billy - you are not alone on that point, the school board is hurting the community! Go to http://www.ptcc.us/arc021913.htm ptcc is building grass root support for the current legislation to eliminate property taxes. Murt needs to hear your concerns. Upper Moreland School Board gets a free pass on act 1 every time.
caringmom5 February 23, 2013 at 06:15 PM
But you drop your child off at school and see nothing but BRAND NEW CARS Teachers are Driving.Um a joke!!!
Frank Greene February 24, 2013 at 04:27 PM
Over half of the school tax budget is for teachers salaries and health benefits. I've lived in UM for 36 yrs., and I don't ever remember a year that my school taxes have not been raised. The economy is horrible, high unemployment, stagnant salaries, federal tax increases and citizens on fixed income. We've become an entitlement nation....welcome to socialism.

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