Schools
School District Approves Tax Levy
It will allow the district to receive an additional $37 million in revenue.
The School District of Philadelphia's School Reform Commission (SRC) passed a tax levy increase at a meeting Monday at district headquarters.
Chief Financial Officer Michael Masch said the levy increase will allow the district to receive an additional $37 million next school year.
The SRC was required to wait until Monday to approve the increase because it had to do so after the city approved a tax rate for the next school year. Because the city did so later than normal, the SRC had to call a special meeting for the sole purpose of formally adopting the increase.
Find out what's happening in Roxborough-Manayunkwith free, real-time updates from Patch.
The resolution also authorized the re-adoption of the business use occupancy tax, the school income tax and a liquor tax, all of which will allow the district to collect a total of $837 million in taxes.
"Those four taxes in the city of Philadelphia are 100 percent dedicated to supporting the school district," Masch said.
Find out what's happening in Roxborough-Manayunkwith free, real-time updates from Patch.
The increase does not include an additional $53 million the city said it would contribute to the district.
All four SRC members voted yes on the resolution, and after that, the meeting turned somewhat contentious.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
