2017-2018 BUDGET AT FIRST GLANCE

 

 

 

 

Increased Expenses I
Salary Increase (FPT) 425,700
PSERS Increase 774,000
Social Security Increase 33,000
Medical Increase 887,000
Assessment Change 5 37,000
Total Increased Expenses 2,156,700
Increased Revenues I
Social Security 16,500
PSERS 337,000
Basic Education Funding 242,404 (was an increase of $415,961 but reduced 16-17 by $173,557)
Special Education Funding 5 (7,112) (was an increase of $74,682 but reduced 16-17 by $81,794)
Total Increased Revenues 638,792

 

NET IMPACT T0 BUDGET 1,517,908

 

ACT 1 INDEX 2.50
Adjustment 1.4414
Adjusted ACT 1 INDEX 3.6
Current Millage Rate 39.2522
Additional Mills at Adj. Index 1.4145
Total Mills at Adj. Index 40.6667

5 1,079,909

Add'l Revenue at Index

5 437,999

Cuts needed at Index