Wednesday night, the Penns Manor School Board approved a resolution that rescinded a motion for a tax anticipation note for the district.
The TAN was needed due to the lengthy state budget impasse that ended on November 12th. Superintendent Daren Johnston said that it was a relief to have the much-needed state funding come in. He added that they were very close to submitting the paperwork for the note to First Commonwealth Bank.
In other business, the board approved a resolution to not raise taxes above the 5.1% Act 1 index. Johnston said it would result in an extra $235,000 in taxes for the district, but their aim is to not have any tax increases for the district’s residents next year.
