Board of School Directors Approve 2019-2020 Final Budget
During the June 18, 2019 Special Meeting of the Board of School Directors, Mr. Tim Bricker, Director of Business Services, delivered the final budget presentation to the Board. The approved general fund budget of the 2019-2020 fiscal year will be $111,863,608.65, requiring a millage of 30.3781 with an increase in property tax of 1.115%. This equates to a tax increase of $58.18 on the average district property of $173,660.
Through a process that began in September, which included work by building Principals and Department Directors, the Administration worked with the Board from the preliminary budget of $112,631,783 to come in $768,175 less in the final budget while adding several key elements to support teaching and learning in the district, including the addition of two administrative positions in the curriculum department, a full year of R.E.A.C.H. (Raising Expectations And Children’s Hopes) programming at Arcola, a continued commitment to Master Plan facilities renovations, and continued commitment to supporting the North Montco Technical and Career Center programs and the Montgomery County Intermediate Unit. Other noteworthy items included a decrease in Federal Title I funding, an increase in Instructional Assistant staff, and an increase in staff salaries, healthcare, and pension costs.
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