S. WHITEHALL TWP., Pa. – The Parkland School District Board of Directors on Tuesday night approved a proposed 2026-27 general fund budget which includes a tax increase.
The $261.7 million spending plan features a $15.6 million deficit. To assist in reducing this deficit, the administration is requesting a 3.5% tax increase on property owners.
For a property assessed at $233,431, the tax bill would rise to $4,300, a $145.43 annual increase.
The 3.5% tax increase would provide the district an additional $5.8 million, still leaving a $9.8 million deficit. The deficit will be covered by Parkland’s fund balance.
A final vote is scheduled next month.
Lilly LERTA
The school board also tabled a state tax incentive program to benefit a major land development project.
The Local Economic Revitalization Tax Act, or LERTA, would benefit a proposed $3.5 billion pharmaceutical plant by Eli Lilly and Company in Upper Macungie Township. The project, the largest-ever Lehigh Valley economic development proposal, is slated for the Fogelsville Corporate Center located near Adams Road and Interstate 78.
Superintendent Mark Madson requested the board table the LERTA document.
Parkland School District to ‘review the terms’ in proposed tax incentive for Eli Lilly