Budget Update January 22, 2019: At the January 22, 2019 School Board meeting the Board approved the Accelerated Budget Opt Out Resolution which makes the following unconditional certifications:
1. The school district’s various tax levies and other revenue sources will be sufficient to balance the school district final budget for the next fiscal year (2019-2020) based on maintaining current tax rates or increasing tax rates by an amount less than or equal to the Act 1 index applicable to the school district as calculated by the Pennsylvania Department of Education. This conclusion is based on the school district preliminary budget or other information available to the School Board.
2. The applicable index for the next fiscal year is 2.3% and the School Board will not for the next fiscal year increase the rate of its real estate tax, or any other tax for the support of public education, by an amount that exceeds the applicable index.
3. The School Board has to date and in the future will comply with the rules set forth in School Code § 687 for adoption of the school district proposed and final budgets for the next fiscal year.
4. The School Board understands that the school district will not be eligible to use Act 1 referendum exceptions for the next fiscal year.