Supervisors recently held a public meeting to review the plans of Teva Pharmaceuticals to build a major distribution center in Warrington Township on 156 acres near Eureka Quarry. Close to 200 residents were in attendance with their own message to Teva, build it somewhere else. Residents are concerned over the amount of traffic would be generated. Teva has promised to address the traffic issues and noted that the building of the facility would generate $2.4 million in one-time building fees and a projected annual property tax of $107,571 would make them the largest township taxpayer. Projected tax revenue for Central Bucks School District is just over $1 million, with an additional $205,000 for Bucks County. Watch the Warrington Township website for meeting dates and agendas.
Warrington Township continues debate over pharmaceutical distribution center
Local High Schools considered amongst the top 5 in the nation
Newsweek just released its 2007 list of America’s Top Public High Schools. The complete list only includes 1,300 high schools which are considered the top 5% in the country. From this area, the following made the cut:
- #156 JR Masterman (Philadelphia)
- #301 Conestoga (Berwyn)
- #488 Lower Moreland (Huntingdon Valley)
- #950 Harriton (Rosemont)
- #1090 Lower Merion (Ardmore)
- #1163 Central (Philadelphia)
- #1171 Wissahickon (Ambler)
- #1227 Great Valley (Malvern)
- #1319 Council Rock North (Newtown)
- #1332 Central Bucks West (Doylestown)
Central Bucks adopts budget
The Central Bucks School Board approved a $255.2 million budget for 2007-208 that increases property taxes by 3.76 percent to 105.87 mills. The owner of a home assessed at $40,000 will pay around $150 more in property taxes, about $4,234.
Act 1 Results – Voters choose ‘No’
Voters across Pennsylvania voted overwhelmingly against Act 1 referendum questions during last Tuesday’s primary election. Only four of Pennsylvania’s 498 school districts, including Bristol Borough in
Bucks
County, approved the tax shift designed to provide homeowners with greater reductions in property taxes.
Pennsylvania’s Taxpayer Relief Act (ACT 1) mandated that school districts place a referendum question on the May 15, 2007 primary election ballot asking voters whether earned income (EIT) or personal income (PIT) taxes should be increased, or instituted for the purpose of reducing real estate taxes on qualified residential properties. All school districts in Pennsylvania, other than Philadelphia, Pittsburg and
Scranton, are required to place a referendum question on the ballot. Click here to see the referendum question and result for each school district in Bucks, Chester, Delaware and
Montgomery
Counties.
Pennsylvania’s Taxpayer Relief Act (Act 1) referendum questions available on SRA (Suburban REALTORS Alliance) website
Pennsylvania’s Taxpayer Relief Act (ACT 1) mandates that school districts place a referendum question on the May 15, 2007 primary election ballot asking voters whether earned income (EIT) or personal income (PIT) taxes should be increased, or instituted for the purpose of reducing real estate taxes on qualified residential properties. All school districts in Pennsylvania, other than Philadelphia, Pittsburg and
Scranton, are required to place a referendum question on the ballot. The Suburban REALTORS® Alliance (SRA) is urging voters to educate themselves about ACT 1 and the important tax-shifting referendum questions. · Click here to view the referendum questions appearing on the ballot in Bucks, Chester, Delaware and
Montgomery
Counties· Click here to access the SRA’s “Act 1 Primer- Understanding the Question on your May Ballot”
State Funding falls short of Central Bucks expectations
The Central Bucks School Board feels that Gov. Ed Rendell’s 2007-2008 education budget proposal falls short of what is needed to maintain current programs in the district. Under the Rendell budget the district’s instruction subsidy will increase from $15 million to $15.3 million, but officials estimate that figure is $4.4 million below the necessary level. The board anticipated a state-funding shortfall and passed a $255.8 million preliminary budget for 2007-2008. The proposed budget will increase millage to 4.17 mills, raising property taxes for a home assessed at $40,000 by an additional $167.