A $227 million budget for 2014-2015 was approved Thursday by the North Penn Board of School Directors.
The budget, which includes a 2.1 percent tax increase, will raise taxes by $72 for the average homeowner in Montgomery County and $61 for the average homeowner in Bucks County.
The district is facing increased expenses, including a 6.9 percent increase in medical benefits, $2.1 million in funding for two new charter schools and new debt service for Hatfield Elementary School renovations. Additionally, obligations for the Public School Employees’ Retirement System (PSERS) are increasing.
“Many school districts throughout the state are cutting student programs to balance their budget but I am very proud to say North Penn has not had to touch its academic offerings,” said Superintendent Dr. Curtis R. Dietrich.“The cost of public education continues to rise at a rate that is difficult to manage without increasing taxes,” said NPSD Board of School Directors President Vincent Sherpinsky. “I am pleased we once again passed a budget that maintains one of the lowest tax rates in the county, and at the same time provide a nationally recognized education.”