State College, PA - Centre County - Central Pennsylvania - Home of Penn State University

School Board Approves Proposed $150 Million 2017-18 Budget

by on May 09, 2017 12:46 PM

State College Area School Board on Monday approved a proposed 2017-18 budget with a 1.55 percent tax increase.

The budget, which has been under development since September, will be discussed at a board Finance and Audit Committee meeting on May 18 and a public budget hearing on June 5. A final vote for the board to adopt the budget is scheduled for June 12.

The proposed tax increase is lower than the increases of the past two years. Those years saw increases 5.49 percent and 4.32 percent because of debt service for the State High project. This year's increase is also below the state's Act 1 index for maximum allowable increase of 2.25 percent.

The budget includes a millage rate of 44.1468, an additional tax of $49 for the average taxpayer with an assessed property value of $72,239. Last year the increase was $130 and in 2015-16 it was $157.

The increase will result in about $1.5 million in additional revenue, without which district administrators said they would not recommend program changes and would keep 11 full-time positions unfilled.

Total revenues in the budget are $150,229,761, including anticipated $27,427,944 from the state and $1,145,000 from the federal government. Total expenses and fund balance transfers are $149,935,521.

The budget includes an increase of $3,117,634 to continue current programming, with $583,798 also allocated for additional programming resources. That additional program funding will support a psychologist, elementary school principal, development of the International Baccalaureate Program, IT Systems programmer and development of curriculum in a hybrid or online format.

About two-thirds of the budget expenses are dedicated to salary and benefits.

Geoff Rushton is managing editor for Contact him at [email protected] or find him on Twitter at @geoffrushton.
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