Friday, May 16, 2008

Galleria Agrees To Assessment Increase, Lowers Millage Increase for 2008-2009 Budget

An agreement with the Galleria shopping mall on an assessment increase will allow the Mt. Lebanon school board to lower its projected millage increase in the 2008-09 budget from .59 mills to .25 mills.

The change in assessment covers two prior years and the coming year and resulted in about $700,000 in additional revenue for the district, said Finance Director Jan Klein.

The budget will be presented for a final vote by the board on Monday. If adopted, it will mean a tax hike of about $56 on a home assessed at $225,000.

Link: www.post-gazette.com/pg/08136/881805-55.stm

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