The New Hope-Solebury School Board approved the final budget for the district’s 2023-2024 fiscal year that includes a 2% property tax increase. The $48.4 million budget includes a roughly $402,800 deficit that will be covered by the district’s fund balance. The new millage rate is 111.4187, which translates to about $111 for each $1,000 of assessed property value. Property owners with a homestead/farmstead exclusion will see a tax reduction of $302.
Source: Bucks County Herald; 7/12/2023