Preliminary PVSD Budget: $6.5 Million Increase, $6.1 Million Shortfall
A first look at the budget shows a $6.5 million increase, $2.5 of which is an increased contribution to the Pennsylvania Employees State Retirement System.
Perkiomen Valley School District Business Administrator Jim Weaver presented a preliminary budget to the school board last night, which includes a $6.5 million, or 8.6 percent, increase over the 2012-2013 budget, and a $6.1 million shortfall for the 2013-2014 school year. The biggest budget increase for the district is an almost 37% increase in the district’s required contribution to the Public School Employees' Retirement System (PSERS), which increased the budget $2.5 million on that expenditure alone. Other expenditures included $1.6 million for salary increases, $305,000 for new salaries, a debt service increase of $684,000, other benefit increases of $639,000, and $300,000 in additional charter school tuitions,among other smaller …
In this Article:
Jack Minster
8:04 pm on Wednesday, December 12, 2012
http://perkiomenvalley.patch.com/blog_posts/perkiomen-valley-school-board-caught-wasting-tax-dollars-bf54e986 School Board candidates all recite a mantra about balancing the education of students with taxpayer fairness. We elect them to act as taxpayer watchdogs. To do the hard work of cutting waste, holding each department head accountable for every penny spent, negotiating with one of the most … more ›