PR School Board Approves 2013-2014 General Fund Budget

Pine-Richland Budget 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:

- Real Estate Tax rate of 19.2083 mills (increase of 2.61 percent over 2012-2013)
- Earned Income Tax of 0.5 percent
- Act 511 Per Capita Tax of $5 for individuals age 18 & older
- 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/casinos. 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.

You can view this resolution and the final budget by visiting our budget communications center by clicking on this link.