Moon Area posts $1.4M deficit
The Moon Area School District has included a 4 percent millage rate increase in its preliminary 2014-15 budget, but it still needs to close a $1.4 million deficit in the plan, according to a report released this week.
On Monday, the school board will vote on the preliminary budget of $66.4 million, which factors in a property tax rate increase to 18.8461 mills.
The district's current millage rate is 18.1167 mills and its current budget is $63.5 million.
The state Department of Education in March approved the district's request for an exception to allow it to raise its millage rate more than the limit of 2.4 percent.
About 75 percent of the deficit is related to the district's state-mandated contributions to the Public School Employees' Retirement System, Superintendent Curt Baker said Monday.
The district estimates that its contribution to the system will increase from $4.6 million, or 16.94 percent of employees' salaries in the current school year, to $6.1 million, or 21.4 percent of employees' salaries, in 2014-15.
One option to close the deficit is to draw down from the fund balance, which is like a savings account, Baker said.
The school board will vote on a final budget on June 23.
Tory N. Parrish is a staff writer for Trib Total Media. She can be reached at 412-380-5662 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Some Mt. Lebanon residents want to pay per trash bag
- Project aims to control feral cat population in Pittsburgh area
- Bethel Park tax hike under limit set by Pa.
- Eagle webcam in Pittsburgh shuts down for season
- Mt. Lebanon Tennis Center earns USTA award for serving community
- Basketball tourney fundraiser to continue in memory of North Allegheny athlete
- Upper St. Clair development in commissioners’ hands
- Numerous communities to host Memorial Day activities
- Our Lady of the Sacred Heart students prepare for Scotland trip