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PA Bulletin, Doc. No. 05-1595

NOTICES

DEPARTMENT OF EDUCATION

Index Calculation Required by Act 72 of 2004

[35 Pa.B. 4833]

   Under section 333(l) of the Homeowner Tax Relief Act (Act 72 of 2004), the Department of Education (Department) has calculated the index for the 2006-2007 fiscal year.

   The index is the average of the percentage increase in the Statewide average weekly wage and the Employment Cost Index. For the 2006-2007 fiscal year, the base index is 3.9%.

   For school districts with a market value/income aid ratio greater than .4000, an individualized index will be posted on the Department's website at www.pde.state.pa.us/proptax by September 30, 2005.

FRANCIS V. BARNES, Ph.D.,   
Secretary

[Pa.B. Doc. No. 05-1595. Filed for public inspection August 26, 2005, 9:00 a.m.]


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