New Hope-Solebury School Board Proposes Tax Increase

The New Hope-Solebury School Board is weighing a proposed tax increase.

As part of its $53.8 million proposed spending plan for the 2024-2025 school year, the school board is calling for a 4 percent increase in taxes.

If the proposed budget passes, it could raise the average tax bill by $246.66.

John Augenblick, a school board member and chair of the finance advisory committee, pointed to rising operational costs, employee compensation, and inflation as drivers behind the need for a tax hike.

New Hope-Solebury Chief Financial Officer David Francella outlined in a report that expected revenues for the upcoming fiscal year are projected at $50.1 million.

The figure left a budget shortfall, which is proposed to be filled by the proposed tax increase and the use of the district’s fund balance to cover the gap.

The school board has scheduled a final vote on the budget for its June 27 meeting.