The Pennridge School Board approved a $163.2 million budget for the 2025-2026 school year that includes a 3.65% tax increase. The real estate millage rate will rise from 135.2555 mills to 140.1892 mills. The board also voted to keep the current 1% earned income tax, 0.5% real estate transfer tax and $5 local services tax. Real estate taxes generate about $87.4 million in net revenue, with the district anticipating about $41 million from the state and just over $2 million in federal funding. The 26-page budget document is available on the Pennridge School Board documents website.
Source: Bucks County Herald; 6/18/2025