It's not final yet but, the school property tax increase could be in your mailbox soon. Why you ask in 2015 a resolution was establish by Act 34 for new construction. The Board of CV School Directors authorizes a maximum building construction cost of $68,117,277 and a maximum project cost of $88,500,000 in connection with the Project. Now the project is $94+ Million and growing and currently with a $5+ Million Dollar bond debt. The Preliminary Budget which includes a $4 Million Dollar increase from last year to $66+ Million. The reason will be given because of Salary increases (6.4%) ,Pension Cost and Medical Benefits totaling (12.1%) increase. So you as a taxpayer will be asked come June to give more. To be fair the Pension is mandated down to the school district which then is passed to us the taxpayers now for several years. Pension contribution have increase over several years per the mandate. Salary and Medical Benefits are negotiated during the new contract now in place. So why not plan better knowing these increase (cost) are in place and take on one new construction at a time instead of both.
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