Residents in the Delaware Valley School District will likely face the first tax hike in six years to make up budget gaps resulting from cuts in federal funding.
Speaking to a crowd of about fifty people, Superintendent Dr. Candis Finan said that local taxes could be increased between 1 and 1.95 percent to make up a $793,143 shortfall.
The School districts business administrator, William Hessling, presented two other options that would help with state and federal budget cuts. The first proposal would channel money from “committee funds” or savings combined with a small tax increase. The other option also entails a small tax increase along with siphoning savings.
Most of the Board members signaled support for a 1 percent tax increase and taking from excess funds. Critics are worried that a tax increase would have a negative impact on those who live on fixed incomes such as seniors. Homeowners would face a 2012-2013 property tax increase of approximately $55.
Most people oppose tax increases, but with a Delaware tax attorney can help a taxpayer find other tax breaks they can take to reduce their yearly tax bill.
Not only can your tax lawyer give sound advice about tax savings but they can also assist you with other tax issues such as audits, tax delinquency, wage garnishment and even tax evasion.
With their many years of experience a Delaware tax attorney can negotiate with the IRS for tax relief or to set up a repayment plan. Their help will stop all collection activities.