- State College Area School District
- Previous Years Budgets
- 2015-2016 Budget Development
Business Office and Finance Department
Page Navigation
- Welcome
- Solar Power Purchasing Agreement Working Group
- Glossary of Terms
- Student Insurance
- Homestead Farmstead Application and Farmstead Exlusions
- Supplemental Property Tax Rebate Program
- Real Estate Tax
- 2023-2024 Budget Development
- 2022-2023 Budget Development
- 2021-2022 Budget Development
- Previous Years Budgets
- Monthly Financial Reports
- Audited Financial Statements
- 2020 Bond Issue
- 2019 Bond Sale
- 2018 Bond Sale
- 2015 Bond Sale
- 2014 District Financing
- Related Documents
- Right-to-Know Law
- Tax Collection Committee
-
Budget Development for the Fiscal Year 2015-16
Your input is important. As the district looks to prepare a budget for the upcoming year, we welcome your ideas to control costs or increase revenues. Feel free to give us your ideas at info@scasd.org.
The budget process is outlined in the Budget Timeline.
Our 2015-16 budget development process includes a review of the financial results from 2013-14, as well as multi-year budget projections. Refinement of these projections will continue throughout the budget process as the 2014-15 projections become clearer.
Key factors considered in our budget development process include:
· Revenue:
o Act 1 Index
o Assessed Value Growth
o Earned Income Tax Projections· Expenses:
o Capital Projects Transfer
o Capital Reserve Transfer
o State High Project Expenses
o Charter School Expenses
o Medical Insurance
o Salaries and Wages
o Special Education Costs
o Public School Employees Retirement System (PSERS)
o Real Estate Tax Appeals
o Workers’ Compensation ExpenseThe real estate tax rate for 2015-16 will reflect, for the first time, the cost of debt service for the referendum debt related to the State High Project. The proposed preliminary budget, presented on January 19, 2015, includes an estimated 1.67 mills for the referendum debt. For the average taxpayer with an assessed value of $71,686, this equals around $120 per year. Current estimates show that this will not increase until 2017-18, when the rate will increase an estimated .57 mills, representing an additional $41 per year. This means the average taxpayer will pay a total of a $162 per year beginning in 2017-18 until the debt is repaid sometime after 2040. This amount of $162 is lower than the estimated $190 per year, which was estimated prior to the referendum election. By taking advantage of lower interest rates available and completing a single borrowing, the taxpayer cost is lower than expected.
-
Final 2015-16 Budget presentation
The Final 2015-2016 General Fund budget is presented for Board action at their June 8, 2015 meeting. The presentation package includes the budget resolution and the State-required Form PDE-2028, as well as a 14-page powerpoint. -
Budget Hearing Presentation 6/1/15
The budget hearing is a State legal requirement and provides an opportunity for the public to comment on the proposed final budget. -
2015-16 Final Budget Presentation 5/18/15
Presented for Board and public review at the May 18, 2015 meeting. -
2015-16 Proposed Final Budget 5/4/15
The 2015-16 Proposed Final Budget will be presented for board action at the May 4, 2015 meeting.