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Trends in School District Property Taxation

School district property taxes, a primary funding source for schools, are projected to rise significantly in upcoming years. These taxes totaled $16.6 billion in fiscal year 2022-23, with an anticipated increase to nearly $17.2 billion in 2023-24, marking a 3.2% rise. This increase follows the largest boost since 2018-2019, heavily influenced by a substantial property reassessment in Philadelphia that saw a 31% increase in the assessed value of single-family homes.

Future estimates by the Independent Fiscal Office (IFO) indicate that property taxes will reach $18 billion by 2024-25 and $18.7 billion in 2025-26. These figures represent a revision from earlier projections, which forecasted $17.5 billion for 2023-24, but have since been adjusted to $17.2 billion.

Despite these increases, the proportion of school funding from property taxes has declined, overshadowed by a rise in temporary federal aid related to COVID-19 and enhanced state funding contributions. Local residents, however, continue to face significant burdens, with property taxes for schools sometimes quadrupling the combined total of other local and county taxes.

Moreover, school districts have been increasing their reserves, with unassigned funds in general fund balances growing 61% from 2018-19 to 2022-23, rising from $1.9 billion to $3.1 billion.


Earl L. Crawford, Jr. 1937-2024

Earl worked for Goodyear Tire and Rubber Company for 30 years before going into business for himself at Crawford Tire from 1981 until 2019.

Dennis W. Flythe 1953-2024

Denny attended Greencastle Antrim High School and graduated from Delaware State University. He focused on providing for his family and creating a legacy.

Arnold W. Wagaman 1939-2024

Arnie was employed at Mack Truck as a quality control specialist until his retirement; a total of 39 years. In his free time, he enjoyed fishing and gardening.

Farm and Garden Penn State Extension

For the week of July 15, 2024 UPCOMING WEBINARS AND EVENTS: Penn State Extension is pleased to continue to provide quality education via a

Who We Are

The Franklin County Free Press, established by Vicky Taylor in 2019, emerged as a beacon of local journalism for the residents of Franklin County. Under Vicky's leadership, it quickly became an essential source of news, particularly at a time when major newspaper publications were increasingly overlooking local coverage.

On January 1, 2022, the torch was passed to Nathan Neil and his firm, Neil Publishing, LLC. Neil, a local entrepreneur with multiple thriving businesses in Chambersburg, shares Vicky's fervent commitment to both the community and the world of local journalism.

Rooted in the heart of Franklin County and powered by its residents, the Franklin County Free Press continues to bridge the gap, ensuring that the local stories, events, and issues that matter most to the community remain in the spotlight.