Tax Increases for Upper Moreland Residents on Preliminary Budget
The Special Action Meeting was held Tuesday night in the Teaching/Learning Center in the Intermediate School.
The Upper Moreland Budget and Finance Committee held a Special Action meeting Tuesday to adopt the preliminary budget that would see an increase in real estate taxes for 2013-14. 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. 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. 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,…
brian shannon
6:46 pm on Thursday, February 21, 2013
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 more ›