The North Hills school board voted to pass a 2013-14 final budget totaling $69,747,422 at the Monday work session. The budget is a 1.6 percent increase in expenditures over the 2012-13 budget.
The board also voted to set the millage rate at 17.06 mills, down 4.2 mills from the previous year's rate of 21.26 mills. The reduced millage rate was attributed to an increase in property value assessments, with the median home value in the district now $135,000, up from $109,000. With a reduced millage rate, the owner of a median valued home will receive a $14 decrease in their property tax bill.
The homestead exemption under Act 1 was set at $7,150, which qualified homeowners may utilize if the property is an owner-occupied residence and an application was filed by March 1 with the Office of Property Assessments in Allegheny County.
A total of 11,724 property owners in Ross and West View Township have filed for the exemption, a $121.97 tax reduction per qualified homestead and farmstead.
Employee wages and benefits remains the largest district expenditure, requiring a $47,477,890 share of the budget.
This budget will cover the period ranging from July 1, 2013, to June 30, 2014.
Chris Checchio, freelance writer: firstname.lastname@example.org