The Upper Merion Area School Board unanimously approved the district's $85 million final budget for the 2014-15 school year. Taxes will increase 2.06 percent. The tax increase raises the millage rate to 18.36 mills, with one mill equal to a tax of $1 for each $1,000 in assessed property value. A home assessed at $100,000 will pay $1,836 in school real estate taxes - about $37 more than last year. District Superintendent Jane Callaghan said that increasing PSERS (retirement) and benefit costs, along with district academic initiatives, were the biggest factors that influenced the tax increase.
Source: Times Herald; 6/4/2014 and the Suburban Realtors® Alliance News Brief Headlines
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