Published On: Wed, Jan 15th, 2014

Heavy reading: New Hope-Solebury School District proposed budget

busThe New Hope-Solebury School Board will be updated on the 2014-15 budget at their regularly scheduled meeting on Wednesday, Jan. 15, at 6:30 p.m. in the district conference room at the administrative building on West Bridge Street.

A copy of the Board Presentation is available for viewing on the NHSSD main page or you can read the entire budget here.

An excerpt from the opening pages: “The goal of the budget is to provide the best educational program for the students while balancing the needs of the taxpayers for minimal tax increases. The main administrative goal for the 2014/2015 budget was to present a budget with a real estate tax increase at or below the Act 1 index which is 2.1% plus estimated allowable exceptions. It is estimated that allowable exceptions will allow the school district to increase taxes by 3 to 4%.

“This could not have been achieved without the staff of the school district working together on making cuts or holding the line on their particular areas of the budget, which would have a minimal impact on the educational program.

“The total expenditure budget is $38,605,056 and the total revenue budget, after the Act 1 increase of 2.1, is $36,233,926 including the use of $727,425 from the fund balance.”

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