1643 Index calculation required by the Taxpayer Relief Act?

DEPARTMENT
OF EDUCATION

Index Calculation Required by the Taxpayer Relief Act

[41 Pa.B. 5066]
[Saturday, September 24, 2011]

 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 Fiscal Year (FY) 2012-2013.

 The index is the average of the percentage increase in the Statewide average weekly wage and the Employment Cost Index. For FY 2012-2013, the base index is 1.7%.

 For school districts with a market value/income aid ratio greater than 0.4000, an adjusted index will be posted on the Department's web site at www.education.state.pa.us by September 30, 2011.

RONALD J. TOMALIS, 
Secretary

[Pa.B. Doc. No. 11-1643. Filed for public inspection September 23, 2011, 9:00 a.m.]