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Business Department News

The Perkiomen Valley School District Board of Directors approved the 2019-20 budget at the June 10 meeting after many months of planning to incorporate resources for students while limiting the impact to the taxpayer. The $112,537,409 spending plan calls for a 1.47 percent tax increase, which is below the 2.3 percent cap that the School Board has agreed not to exceed. Some of the highlights of next year’s budget include:
  • Funding for a special education teacher, inclusion facilitator, two wellness teachers, a safety supervisor, a grounds supervisor, a Board Certified Behavior Analyst, a kindergarten teacher, and a social worker
  • Additional funding for increased security personnel at all buildings
  • Additional funding for operational costs throughout the district
  • Funding for capital improvements such as renovations to South Elementary School; paving at Perkiomen Valley Middle School East; auditorium upgrades at East, Perkiomen Valley Middle School West and the high school; and athletic field improvements
  • Increase to the Athletics Budget to pay for uniform replacement and addition of girls volleyball program at the middle school level
  • Funding for Chromebooks to expand the district’s 1:1 initiative
The Board approved the use of approximately $837,000 from reserve funds set aside for retirement benefits costs, debt service and unassigned general use. This helped reduce the shortfall between revenues and expenditures.

Overall for next year’s budget, expenditures have increased 4.29 percent over the current budget. A large percentage of that increase is tied to higher state-mandated contributions to the Pennsylvania School Employees Retirement System (PSERS), and other contractual costs such as salary increases, debt service payments, health benefits and the STA agreement for transportation. PSERS is the single largest expenditure increase for the district – the district’s contribution rate will increase to approximately 34 percent next year and represents over 50 percent of the district’s benefits costs.

Though it has been challenging to budget with such large increases dictated by the state, the School Board and administration have worked hard to keep taxes below the state index. This year, that index for PV was 2.3 percent. The approved budget includes a 1.47-percent tax increase. For the average homeowner with an assessed home value of $180,000, that results in a $88 increase over last year.

To review the presentation delivered at the June 10 meeting, please click here.