MORGAN HUBER | FOR LNP | LANCASTERONLINE
When: Columbia Borough school board meeting, May 6.
What happened: The school board voted 9-0 to approve a proposed final budget that will cut taxes by 3% for the 2025-26 school year.
Details: The expenses for 2025-26 are $33.7 million, an increase of 2.2% from last year. Revenue is projected at $33.2 million. The difference in revenue and expenses results in a $520,175 funding gap, which the district will close using money from its fund balance.
More: This is Columbia Borough's first year with a decrease and the sixth consecutive year the district has not levied a tax increase.
Tax rate: The proposed real estate tax rate is 25.66 mills. One mill equals $1 for every $1,000 of assessed property value. For a house assessed at $100,000, the annual tax bill would be $2,566, down from $2,646 last year.
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