Schools
2.3 Percent Tax Hike Coming With 2019-2020 LMSD Budget
The Lower Merion School District board of directors approved next year's budget, and your taxes are going up because of it.
LOWER MERION TOWNSHIP, PA — With a new school year comes a new budget, and with this new budget comes another tax increase.
The Lower Merion School District Board of Directors voted recently to approve its 2019-2020 budget.
In the budget, which stands at $280,076,847, a 2.3 percent tax increase is included.
Find out what's happening in Ardmore-Merion-Wynnewoodfor free with the latest updates from Patch.
The new millage rate is 29.4088, reflecting an increase of .6611 mills.
According to the district, roughly 85 percent of the budget's revenue comes from local sources.
Find out what's happening in Ardmore-Merion-Wynnewoodfor free with the latest updates from Patch.
State funding makes up about 14 percent of the district's revenue and just about 1 percent of revenue is made of federal dollars, the district said.
Salaries and benefits account for 76 percent of expenditures.
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