Government Schools

New Hope-Solebury School Board Proposes Tax Increase

The New Hope-Solebury School District administration offices. File photo.

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.

About the author

Tom Sofield

Tom Sofield has covered news in Bucks County for 12 years for both newspaper and online publications. Tom’s reporting has appeared locally, nationally, and internationally across several mediums. He is proud to report on news in the county where he lives and to have created a reliable publication that the community deserves.

Leave a Comment