The Pine-Richland School Board approved the PR General Fund Budget for the 2013-2014 school year with total expenditures of $69,541,750 and total revenues of $69,266,250 with a fund balance utilization of $275,500 for capital improvements. In addition, the board established the following tax rates for the fiscal year 2013-2014:
- Pennsylvania School Code Per Capita Tax of $5 for individuals age 18 & older
The board also approved the Homestead and Farmstead Exclusion Resolution for the upcoming tax year. The resolution provides for property tax reduction through a “homestead or farmstead exclusion,” which is provided by the state gaming industry/casino. Only a primary residence is eligible for property tax relief. Generally, most owner occupied homes and farms are eligible for property tax reduction.
Residents should have an application on file with Allegheny County indicating the house they live in is their homestead. By doing so, residents can receive a reduction in their County tax bill under Act 50. They will also receive a reduction in assessed value for their school tax. Each approved homestead will receive a real estate tax reduction amount of $192.08. The reduction in real estate tax assessed value on a resident’s tax notice would be in the amount of $10,000.
If a property owner does not file this form by March 1, they are not eligible for this reduction on their July real estate tax bill.
Final & Recent Budget Documents Final Budget Summary (June 10, 2013) Final Budget for 2013-2014 (June 10, 2013) Homestead-Farmstead Exclusion Resolution (June 10, 2013) Budget Resource Documents Categorical Definitions Frequently Asked Questions (FAQs) File Documents (Notices, Updates & Other Resources) Referendum Exceptions June/Budget Documents Final Budget Summary (June 10, 2013) Final Budget for 2013-2014 (June 10, 2013) Homestead-Farmstead Exclusion Resolution (June 10, 2013) May Documents Executive Summary for the Proposed Final Budget (May 6, 2013) Preliminary Proposed Budget | January 2013 Preliminary Proposed Budget Executive Summary (Jan. 17, 2013) Preliminary Proposed Budget (Jan. 17, 2013)March Documents/Posting Date Budget Status (March 6, 2013) History of Fund Balance (March 20, 2013) Updated Budget as of March 18, 2013 (March 20, 2013) Fund Balance Benchmarking 2010-2011 (March 20, 2013)Fund Balance Benchmarking 2008-2009 (March 20, 2013) April Documents/Posting Date Budget Changes Summary (April 16, 2013) |
