ABINGTON TOWNSHIP, PA — The new Abington Middle School Project continues to take shape — as a tax increase has now begun.
The Abington School Bord was presented with the most recent renderings while financing the project has been a topic of recent board meetings.
As approved by the Pennsylvania Department of Education on March 26, the referendum exception to fund the Middle School Project is anticipated to equate to 1.3738 mills.
That equals a tax increase of about $14.59 per month for the average homeowner during the 2026-2027 school year.
This is the first year the tax increase for the Middle School Project will go into effect, which is expected to be phased in over a period of several years, school officials said.
Ultimately, the total estimated tax impact on a median homestead in the school district would be about $54 per month.
As required by law, these funds can only be spent on the Middle School Project.
During the May 12 school board meeting, members of the financial team, including Raymond James, Underwriter, and Ellen Enters, Bond Counsel, reviewed the General Obligation Bond Parameters Resolution, including sharing that the total overall debt service cost is $95 million less than what was initially anticipated, as the result of a revised structure that utilizes level debt service, thus reducing the overall amount of interest that will be paid over the life of the bonds.
At a May 28 meeting, Raymond James representatives hosted an informational meeting to discuss how local residents can purchase District bonds. Community members interested in the investment opportunity can contact Raymond James for further information.
(Abington School District)
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