Franklin Regional school officials facing a nearly $2M shortfall
Franklin Regional officials have a nearly $2 million problem to solve.
Administrators have unveiled a first look at the 2013-14 budget that includes a $1.917 million shortfall. The $50.1 million budget proposal includes a $1.2 million state-mandated increase in employee pension contributions from the district.
Under state regulations, Franklin Regional is allowed to raise the property tax rate by no more than 1.75 mills — unless officials petition the state for permission for a larger increase.
The school board will decide in January whether to apply for an exception to that regulation; if approved, officials then could raise the tax rate by as much as 3.23 mills.
In Franklin Regional, one mill of taxes generates $335,000 in revenue.
A 1.75-mill increase would cover about 30 percent of the projected shortfall. A 3.23-mill increase would cover about 56 percent of the projected shortfall.
The board will discuss the 2013-14 budget at its Jan. 7 meeting in the administration building.
The school board must approve a budget by June 30.
Daveen Rae Kurutz is a staff writer for Trib Total Media. She can be reached at 412-856-7400, ext. 8627, or email@example.com.
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 â 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.