Radnor Township School District officials have presented a budget proposal with a 5.3% tax increase for the 2024-2025 school year. The increase would change the millage rate from 14.63 to 15.41 mills. If approved, the 5.3% hike would represent an increase of $567 for a property assessed at the township average of about $730,600. Due to a resolution approved by the board last November, the board cannot increase taxes beyond the state-imposed Act 1 index of 5.3%. Under the district’s current schedule, the board would vote on the proposed budget at its April 16 meeting and the final budget at the May 21 meeting.
Source: Daily Times; 2/13/2024