Carlynton's proposed budget shows tax hike
Carlynton administrators and school board members have a month to try to reduce the more than $700,000 deficit in the 2018-19 district budget.
Board members approved the proposed final budget of $28.7 million, which includes a nearly 1-mill increase and the use of $600,000 from the fund balance.
Christopher Juzwick, director of fiscal affairs and budget, said he will continue to work to reduce the deficit before the board gives its final approval at the June 25 meeting.
The proposed millage rate is at 23.5, up from last year's rate of 22.502. If the new tax rate is approved, district residents with property assessed at $100,000 would pay $2,350 in real estate taxes.
Board President Jim Schriver said it will be a challenge to balance the budget but there are line items the board can review further.
“We need some kind of balance between being fiscally responsible and investing in our children,” Schriver said.
In the proposed final budget, the fund balance would be used to offset the deficit. That would leave the fund balance with a remaining amount of $1.4 million in June 2019. The district had $3.4 million in the fund balance in June 2015.
Salaries and benefits account for 73 percent of expenses at $20.7 million, district leaders said. That amount includes nearly $4 million for the district's contribution to the Public School Employees' Retirement System.
The contribution rate for the 2018-19 year is 33.43 percent of a district's payroll. In 2011-12, the contribution rate was less than 9 percent.
The budget will be available for public review on the district website.
Jim Spezialetti is a Tribune-Review contributing writer.