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Shaler Area School Board approves the 2015-2016 budget

Shaler Area School Board of Directors approved the 2015-2016 school year budget during its June 24 meeting, which maintains the District’s current level of educational programming and services.

The District balanced the $79,611,042 budget by using $675,000 of the PSERS Reserve fund created to help offset rising retirement costs, $1.25 million of the Fund Balance and a 0.53-mill increase. The millage increase will generate $1.04 million.

The new millage rate will be 21.87. The increase will add an additional $53 (or $4.42 per month) to a homeowner’s tax bill with an assessed property value of $100,000. Shaler Area is below the Allegheny County average millage rate of 23.69 mills and ranks 19th out of 42 districts.

“Shaler Area has always lived within its means and not raised taxes above the Act 1 Index since its adoption,” said Charles Bennett, Director of Business Affairs. “We work very hard to be fiscally responsible to minimize the impact on our taxpayers while still providing for the future needs of the District.”

The 2015-16 budget funds the continuation of the Project ACE 1:1 iPad Initiative, which will provide all middle school and high school students with an iPad for educational use. It also provides for the expansion of several STEAM initiatives that focus on the application of Science, Technology, Engineering, Arts and Mathematics for students in K-12.

The largest expenditure of the budget, about 70 percent, covers the cost of salaries and benefits for District employees. The early retirement incentive saved the District $512,571 in employee salaries.

The 2015-16 school year budget reflects a 3.05 percent increase above the 2014-15 budget, equal to $2,355,595. Of the increase, $2,000,828 is due to PSERS (Public School Employees’ Retirement System) increases, which jumped from 21.4 percent to 25.84 percent of payroll.

More information on the budget can be found in the 2015-2016 budget update presentation.

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1800 Mt. Royal Boulevard     Glenshaw, PA. 15116     P 412-492-1200     F 412-492-1236
1800 Mt. Royal Boulevard Glenshaw, PA. 15116 P 412-492-1200 F 412-492-1236
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