Schools
L.M. School Budget Advances With 3.3% Tax Hike
Superintendent Chris McGinley said he doubted the budget would remain the same by its June 15 adoption, given what might lie ahead with state funding cuts.
Lower Merion's Board of School Directors moved unanimously ahead Monday night with a budget that uses a 3.3 percent tax increase to help bridge the $3.1 million gap between this year's expenses and projections for 2011-2012.
The owner of a home assessed at $250,000—the district's median value—would see a tax bill of $5,757 next year, up $185 from this year's $5,572, district officials said.
However, more than in any recent year, the $204 million budget is expected to be changed before its scheduled June 15 adoption, Superintendent Chris McGinley said just before Monday's hourlong meeting ended.
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Lower Merion School District expects to lose as much as $1.4 million in state funding, but with Gov. Tom Corbett's budget still just a proposal, districts cannot plan precisely.
About $1.5 million of the proposed increase in expenses is for increased employee salaries and other benefits.
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