TribLIVE

| News


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Yough School Board OKs budget without tax hike

Saturday, May 14, 2011
 

Yough School District taxpayers will not see an increase in property tax if the proposed budget approved on Thursday night is adopted as presented.

The school board approved a proposed 2011-12 spending plan with balanced revenues and expenditures of $27,704,844 by a unanimous vote, keeping the tax rate of 75.6 mills.

The plan assumes a 92 percent collection rate on real estate taxes, with a value per mil of $121,141 and total assessment value of $131,674,820.

The proposed budget will be available for public comment for 30 days. The board is expected to adopt the final budget on June 16.

In another matter, the board received a report on the audit of accounting practices for the 2009-10 fiscal year.

Joel Kunkle of the accounting firm Herbein & Co. Pittsburgh, said, "Our opinion is an unqualified opinion, meaning that there are no material misstatements in your financial statements based upon our audit."

Kunkle noted that for the year ended June 30, 2010, revenues exceeded expenditures by $1,887,000, which included about $1.7 million in American Recovery & Reconciliation Act funds.

"Without the ARRA funds, you still would have had a net profit or an excess of revenues over expenditures of about $200,000. A lot of school districts are not in that position," he said.

 

 
 


Show commenting policy

Most-Read Westmoreland

  1. Corbett rips Wolf tax proposals during Hempfield campaign stop
  2. Laurel Mountain ski plan needs more information, planners say
  3. Former Penn-Trafford student put on house arrest for drug sales
  4. Ligonier Township wants more info on cell tower proposal
  5. Ligonier Township zoning officer resigns
  6. Rostraver woman, 91, injured  in home invasion; 3 sought
  7. Latrobe Municipal Authority appeals DEP order
  8. One-day lane restrictions set on Route 30 in North Huntingdon
  9. Make A Difference Day is Saturday
  10. Line painting planned in Penn Township
  11. Greensburg driver charged after ATV struck on rail tracks
Subscribe today! Click here for our subscription offers.