School Board Approves 2015-2016 Final Budget
Keystone Oaks School District Board of School Directors approved the District’s 2015-2016 Final Budget during a Special Voting Meeting on Thursday, June 18, 2015. The Final Budget, with expenditures totaling $38,977,585, allows Keystone Oaks to enhance its educational programs for District students and provide greater access to state-of-the-art technology in the classroom. The budget is balanced without using any of the District’s fund balance and also holds the line on taxes.
Keystone Oaks’ spending plan for the next school year keeps the millage rate at 18.63. This is the second consecutive year that the District has not had to increase taxes. A median home in the Keystone Oaks School District valued at $113,000 will pay a property tax bill of approximately $2,105.19, before any exemptions. For 2014-2015, Keystone Oaks has the 15th lowest mileage rate of the 42 Allegheny County suburban school districts.
The budget can be viewed on the District’s website by clicking here or by clicking the attachment below.
Among the items included in the budget are funds for the implementation of full-day kindergarten and a number of technology enhancements, including:
• $365,000 for the purchase of new student and teacher devices including 210 Chromebooks, 310 student desktop computers to update the High School and Middle School computer labs, and 30 CAD workstations to update CAD labs in the STEAM room and industrial arts wing.
• $20,000 for the purchase of Mimio interactive projectors and AV rover mobile presentation equipment
Due to the Early Retirement Incentive and staffing adjustments for the 2015-2016 academic year, Keystone Oaks saw a minimal increase in employee wages. The largest increase in the budget is in the District’s contribution to the Public School Employee’s Retirement System, which increases 4.4%, totaling $723,029 in contributions.
A total of 5,569 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 $152.35 real estate tax reduction results in a larger decrease for qualified homeowners.
Attachments Available To Download:
Posted: Friday, June 19, 2015