Bucks County School District's Tax-Rate Flub Leads to $900K Deficit - NBC 10 Philadelphia

Bucks County School District's Tax-Rate Flub Leads to $900K Deficit

The Pennsbury School District incorrectly set the millage rate for the upcoming school year, according to a report

    processing...

    NEWSLETTERS

    Bucks County School District's Tax-Rate Flub Leads to $900K Deficit
    Google Street View

    Officials at a suburban Philadelphia school district say a single-digit tax rate typo created a nearly $900,000 deficit for the school district.

    The Philadelphia Inquirer reports that a school board resolution from the Pennsbury School District in Falls Township, Bucks County, incorrectly set the millage rate for the upcoming school year.

    Millage rates are used to calculate property taxes. The district incorrectly set the rate at 170.076 instead of 171.076.

    The district's chief financial officer, Stephen Berdnik, says the mistake wasn't caught before tax bills had already been mailed out and the district's solicitor was concerned about possible litigation if a change was made retroactively.

    Most of the deficit has already been made up because actual property values were higher than assessed and there was a higher-than-normal tax collection rate in the district.