Pennsylvania HB25 amends school finance laws to adjust fiscal year and tax levy timelines for school districts.
Pennsylvania HB25 modifies the Public School Code of 1949 to change the fiscal year and tax levy timelines for school districts. It mandates that school districts adopt their annual budgets no later than 30 days after the appropriation for basic education funding is enacted. Additionally, it specifies that school taxes must be levied and assessed during February or March, except for second-class districts where the fiscal year starts on January 1. The tax rate is capped at 25 mills on the dollar for second, third, and fourth-class districts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.