The Radnor Township School Board unanimously approved a 2024-2025 budget proposal with $120 million in expenditures that includes a 3.95% tax increase. Under the state’s Act 1 index, the school district could have increased taxes by up to 5.3%. Board Member Lydia Solomon said she would support the budget with its tax hike but hoped it would come in lower before final passage. The proposed increase would raise the millage rate from 14.6329 to 15.2109. A property with the average assessed value of $730,613 would have a 2024-2025 bill of $11,113, an increase of $422.
Source: Delco Times; 5/23/2024