Published December 10. 2024 02:45PM
Northern Lehigh School District won’t exceed the tax rate index in the event it decides to increase property taxes for the 2025-26 school year.
On a 7-0 vote, the school board last Tuesday adopted the Act 1 tax levy resolution not to exceed the 5.5% index.
Directors Gary Fedorcha and Angela Williams were absent.
This year, taxpayers saw a 2% increase in their property tax rates after the board by an 8-1 margin at a special meeting in June adopted the general fund balance of $40,324,052 for the 2024-25 school year.
That called for a millage rate of 25.3731 in Lehigh County (per $100 assessed valuation) and a millage rate of 75.6628 in Northampton County (per $1,000 assessed valuation).
Before that vote, district business manager Sherri Molitoris said the estimated fund balance as of June 30 would be at $16,871,542.
Molitoris said they would use $871,139 of the district’s assigned fund balance for the balancing of the 2024-2025 budget.
She said expenses were $40,324,052, while revenues without fund balance use were $38,786,129.
Estimated ending fund balance was $16,000,403, with utilization of $871,139 for one-time purchases and future planned district needs.