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THE WAR ON HOMEOWNERS CONTINUES! EAST PENN TO REFINANCE DEBT!

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Emmaus-HS-1Schilder photo

East Penn/Emmaus HS              Superintendent Schilder

 

The issue of School Real Estate Property Tax Relief has been a hot issue for years and has been getting hotter! Many citizens have been organizing with taxpayer groups across the Commonwealth to pressure State politicians to do something meaningful.  Act 76 is one issue that has reached the boiling point.  Act 76 would have increased the State Income Tax slightly and the Sales Tax would have seen slight increase in exchange for the ELIMINATION OF SCHOOL PROPERTY TAXES!

Groups opposed to this are the Teacher’s Unions, School Administrators, and the Chamber of Commerce.

If Act 76 had passed, schools could still tax property to pay off debt. That is why school district efforts to refinance debt is important because they can still tax your home to pay off that debt.  However, the last effort to pass Act 76 (SB76) failed in the Senate by a 24 to 24 vote with the Lt. Governor Stack casting the deciding no vote. Never has the 76 effort been this close to passing!  So while 76 failed for now, the effort has not gone away.

At East Penn, which it has been noted carries over $14 million in debt, is proposing to increase that debt with a refinance effort. The East Penn Superintendent is proposing additional spending amounting to $725,000 with an additional estimated $200,000 cost to refinance.  Also the issue of full time Kinder-garden would cost an additional $800,00 according to the Superintendent.  It was said at the February 8th East Penn School Board meeting that East Penn would be debt free by 2028-2029.  But knowing how school administrations love to spend money and the support they get for those tax increases and spending plans by union supported school directors, we hardly believe that they will allow debt to be paid off.  We also believe that those administrators, teachers, and their unions could hardly care that people are increasingly being thrown from their homes!  Thus the saying that you NEVER really own your home!

Stay tuned to this East Penn School Board’s actions to see what will happen.

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