The Spring-Ford School Board unanimously adopted a $202 million preliminary budget for the 2024-2025 school year that includes a 6.5% tax increase. The board also voted to allow the administration to apply for exceptions to the 5.4% tax cap imposed by the state. The district will ask permission to raise the tax millage by an additional 1.53% over the Act 1 index to fund special education and retirement obligations. The vote does not mean the tax rate will go that high, but it preserves the option for the administration as it continues to work to reduce the looming tax increase, said James Fink, the district’s chief finance officer.
Source: Pottstown Mercury; 2/2/2024