The Hollidaysburg Area School District has passed a new budget – without a tax increase.
School board members voted 6-3 on their new $43-million 2012-13 spending plan. The district had crafted three budgets, including one that would have raised taxes by 2.1-mills. Board member Wally Tomassetti says the district needs to plan for its steep pension increase.
President Ron Yoder says the district’s shortfalls laid with the decisions of some past board members who planned for tax increases.
The district will borrow monies from its unreserved fund balance to make up for the shortfall.