Approved 2020 Budget
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This 2020 approved budget document presents the General Fund revenue projections for the municipality. Real estate taxes represent the largest revenue source, budgeted at $4,276,573 for 2020 (comprised of $3,979,573 in current-year taxes based on a 4.76 mill rate and 90% collection rate on $959,164,934 total valuation, plus $297,000 in prior-year collections). Earned Income Tax is projected at $1,950,000 for current-year collections at a 1% rate allocated equally between the city and Hazleton School District, with an increase to 1.3% for the city under the Hazleton City Recovery plan. Additional revenue sources include per capita taxes ($125,000 current year, $50,000 prior years under a $10 levy), real estate transfer tax ($275,000 at 2.5% on transfers), resident taxes ($30,000 under a $5 per-resident levy), and Local Service Tax ($345,000). The 2020 proposed budget shows a 3% increase ($117,387) in total real estate tax revenue compared to the 2019 final budget.
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The Hazleton Area School District's Financial and Single Audit Reports for the fiscal year ended June 30, 2025 present a comprehensive audit of the district's financial statements, including district-wide statements, fund financial statements for governmental, proprietary, and fiduciary funds, and required supplementary information on pension and OPEB (Other Post-Employment Benefits) liabilities. The report includes an independent auditor's assessment of the district's financial position and compliance with federal and state regulations, along with schedules detailing expenditures of federal and state awards and findings related to the audit.
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