TE School District proposes 3.68 percent tax increase in 2015-16 budget

For taxpayers living in Tredyffrin and Easttown Townships, they saw no municipal real estate tax increase in 2014 or 2015. In the Tredyffrin Township 2015 budget presentation, it was announced that real estate tax assessments continue to grow and that the township saw “increased construction of both residential and commercial properties which are a major cause for the increased assessment.” No real estate tax increase in Tredyffrin for 2015 follows a no real estate tax increase in 2014. Similarly, Easttown Township taxpayers received no real estate tax increase for the period.

In neighboring Radnor School District, taxpayers did not receive a real estate tax increase for 2014-15 whereas the taxpayers of TE School District saw their real estate tax bill increase 3.2 percent during the same period. Looking ahead to the 2015-16 budget for the two school districts, Radnor School Board announced this week that they will not seek exceptions and the proposed tax increase will not be greater than the 1.9 percent permitted by Act 1. TE School Board has voted to seek exceptions and the preliminary budget currently in discussion for 2015-16 includes a 3.68 percent tax increase.

During the last four years, TE School District has shown a budget surplus of over $12 million (2013-14: $2.2M, 2012-13: $5M, 2011-12: $3.9M and 2010-11: $1.3M). Although the District benefited from the budget surplus, you would have to go back a decade to 2004-05 to find the last time that there was no real estate tax increase. A review of the District yearly tax increase since the last no-tax year is as follows:

• 2015-16: 3.68% *
• 2014-15: 3.4%
• 2013-14: 1.7%
• 2012-13: 3.3%
• 2011-12: 3.77%
• 2010-11: 2.9%
• 2009-10: 2.95%
• 2008-09: 4.37%
• 2007-08: 3.37%
• 2006-07: 3.90%
• 2005-06: 1.40%
• 2004-05: Zero Tax Increase
* Proposed Increase


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