State College Area School District proposes a 4.1% tax increase

STATE COLLEGE, Pa. (WTAJ) - The State College Area School District unanimously approved the 2023-2024 proposed final budget, and in it was a tax increase.

The proposed final budget calls for a 4.1 percent tax increase, equal to the district's Act 1 Index
cap on increases, for a rate of 49.6082 mills. The district did not increase the tax rate in
2020-2021 or 2021-2022 before a 3.4 percent tax increase in 2022-2023.

A budget hearing and budget development update will occur on Monday, May 15. The final budget will be presented for Board approval on Monday, June 5.

The proposed increase brings the five-year average tax increase to 1.89 percent. Under the proposed final budget, the average residential property tax is $3,430, a $141 increase
from 2022-2023. Eighty-three percent of the taxable p...