News

Tri-Valley votes in favor of proposed budget with one mill tax increase

By Rebecca Zemencik, Managing Editor

rebecca-z@citizenstandard.com

HEGINS – Although expenditures are down in the Tri-Valley School District, a one mill tax increase will still be necessary for a balanced budget for the 2016-17 school year.
The board voted 8-0, Wednesday, May 11, with Director Carrie Bowman absent. Expenditures are $13,681,075, a decrease of $446,165 from the 2015-16 school year.
“The most significant reductions of expenditures in this year’s budget are due to savings realized by the refinancing of existing debt, improved energy utilization, and not replacing two individuals retiring from the high school,” said Superintendent Dr. Mark Snyder.
The 1.000 mill increase equals $31.49 per property based on an average assessment of $31,490.

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