Schools
TESD Act 1 Tax Index Remains At Base Level
While some districts were granted higher-than-base Act 1 indexes, TESD was not one of them, meaning it will be harder to raise taxes.
WAYNE, PA – The Pennsylvania Department of Education released information on how much districts in the state will be able to raise taxes next year without a referendum, and residents in the Tredyffrin/Easttown School District might be happy about the outcome.
According to PDE data, the TESD's Act 1 Tax index is being kept at the state's base level of 2.4 percent, which decreased from 2.5 to 2.4 for the 2018-2019 academic year.
For those unfamiliar with that the Act 1 Tax index is, it limits the districts' ability to raise taxes without having to put the increase to a vote or filing an exemption referendum with the PDE.
Find out what's happening in Tredyffrin-Easttownfor free with the latest updates from Patch.
The TESD 2017-2018 budget contained a 3.2 percent tax rate, or $178 on the average assessed home in the district.
The district will discuss the 2018-2019 budget at meeting on Nov. 6 and Dec. 5, both at 7 p.m. the TESD Administration Offices at 940 West Valley Road, Suite 1700 in Wayne.
Find out what's happening in Tredyffrin-Easttownfor free with the latest updates from Patch.
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