Board Approves Budget for 2020-21 & Homestead-Farmstead
No Tax Increase
The Pine-Richland School Board approved the Final General Fund Budget for the 2020-2021 school year in accordance with board policy #604 Budget Adoption with total expenditures of $92,772,751 and total revenues of $92,421,756 with $350,995 of utilization of assigned fund balance, and to establish the following tax rates for the fiscal year 2020-2021:
1. Real Estate Tax rate of 19.5867 mills
2. Earned Income Tax of 0.5%
3. Act 511 Per Capita Tax of $5.00 for individuals age 18 and older
4. Pennsylvania School Code Per Capita Tax of $5.00 for individuals age 18 and older.
The board also approved the 2020 Homestead and Farmstead Exclusion Resolution at the June 8, 2020 meeting which provides a reduction in real estate tax assessments for approved homesteads and farmsteads for the school year beginning July 1.
State property tax relief provided by gaming funds is revenue neutral to the school district.
This calculation provides for a reduction in assessed value for each approved homestead within our community. The calculation of tax relief is based on the state property tax reduction allocation and millage rate which will be set by the school board for 2020 real estate tax bills.
Reminder: Tax Rebate Is Available for Pine-Richland Senior Citizens
The Pine-Richland School Board approved a senior citizen tax rebate for senior citizens, who live in the Township of Pine or Richland Township at its board meeting earlier this year.
The program, which is effective for the calendar year of 2019, stipulates that the filer must be a resident of Pine Township or Richland Township for all of 2019, have owned a home in Pine or Richland Township for all of 2019 and used it as his or her primary residence. The granting of the Homestead exemption by Allegheny County will be used to determine whether a residence is a filer's primary residence. The filer must be classified as a senior citizen, widow or widower.
The submission deadline is June 30, 2020. You can review qualifications, the packet, and more information by visiting: www.pinerichland.org/seniors.