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Millage Rate

Thursday, December 27, 2012

Pittsburgh School Board Adopts 2013 General Fund Budget

Last week, the board adopted its 2013 budget, but the millage rate won't be set until its Jan. 23 meeting.

The Pittsburgh Board of Public Education adopted the district's $521.8 million general fund budget for 2013 last week, but will wait to set the millage rate until its Jan. 23 meeting. Earlier this month, the district recommended the board set a tax rate that would raise property tax revenue, after 11 years of no increase, to create a reserve fund to cover the cost of real estate appeals. On Dec. 10, Allegheny County Common Pleas Court Judge R. Stanton Wettick provided an extension to the county’s reassessment timeline and the district’s timeline for setting the millage rate and homestead exemption from gaming revenues. The board is anticipated to vote on the millage and homestead exemption at its Jan. 23 legislative meeting. The 2013 …

Thursday, December 6, 2012

Allegheny County Council Passes Budget, Reduces Millage Rate

The county's tax rate will be 4.73 mills in 2013.

Allegheny County Council passed a 2013 budget that includes a millage rate decrease. On Tuesday, county officials approved a a $799.4 million budget, reducing the millage rate to 4.73 mills, according to the Tribune Review. The millage was reduced from 2012's rate of 5.69 mills to offset the increase property values stemming from the county's reassessment. Under the reassessment, taxing bodies can't receive more than 5 percent in property tax revenue so as not to use the reassessment as a major tax increase. Under the new tax rate, a resident would pay $473 for every $100,000 of assessed property value. County Executive Rich Fitzgerald said in a statement that he is happy with the approved budget. "(I) am glad that we are able to move into…

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