Keystone Oaks Board of School Directors Approves 2016-2017 Final Budget
Keystone Oaks School District Board of School Directors approved the District’s 2016-2017 Final
Budget during the Business/Legislative Meeting on June 21, 2016. The Final Budget, with expenditures totaling $40,955,086, allows Keystone Oaks to enhance its educational program offerings, ensure greater access to state-of- the-art technology for students and implement new English/Language Arts and math curriculum.
The budget has revenues of $40,533,011 and will be balanced with a $422,075 transfer from the fund balance. The budget can be viewed on the District’s website by clicking here.
Keystone Oaks’ spending plan for the next school year contains a .4471 mill increase to 19.0771 mills. The millage rate, which is within the District’s Act 1 index, will increase property tax bills $44.71 annually for a home valued at $100,000. The District has not raised taxes since the 2013-14 school year.
“The Board and the administration has worked diligently to manage and examine expenses in order to present a budget that does not impact the quality of the education at Keystone Oaks,” said Sharon Gologram, Keystone Oaks’ Director of Fiscal Services
Keystone Oaks continues to improve its academic program offerings. In the 2016-2017 budget the District has allotted:
A total of 5,486 Castle Shannon, Dormont & Green Tree approved Homestead property owners, who have filed Act 1 exception forms, will see a lower tax bill due to state gambling revenues. The $154.68 real estate tax reduction results in a larger decrease for qualified homeowners.
- $90,000 for the new elementary STEAM program, which will be one of six “specials” classes that students will participate in during a six-day rotation. The class will give the students the opportunity to develop the creative andcritical thinking skills necessary for college and career success.
- $171,288 for teacher laptops, student Chromebooks and student Chromeboxes.
- $124,037 for new English Language Arts and math curriculum at Keystone Oaks Middle School and new calculus, pre-calculus, trigonometry and physics textbooks at Keystone Oaks High School.