Index Calculation Required by Special Session Act 1 of 2006 [37 Pa.B. 5040]
[Saturday, September 15, 2007]Under section 333(l) of the Taxpayer Relief Act (53 P. S. § 6926.333(l)), the Department of Education (Department) has calculated the index for the Fiscal Year (FY) 2008-2009.
The index is the average of the percentage increase in the Statewide average weekly wage and the Employment Cost Index. For the FY 2008-2009, the base index is 4.4%.
For school districts with a market value/income aid ratio greater than .4000, an adjusted index will be posted on the Department's website at www.pde.state.pa.us/proptax by September 30, 2007.
GERALD L. ZAHORCHAK, D. Ed.,
Secretary[Pa.B. Doc. No. 07-1709. Filed for public inspection September 14, 2007, 9:00 a.m.]
