SALISBURY TWP., Pa. - The Salisbury Township School Board approved the 2014-15 proposed budget Wednesday, by a vote of 7-0. Board member Robert Fischer abstained.
The proposed budget reflects total expenditures in the amount of $33,435,585 and requires a real estate tax levy of 17.56 mills.
The budget is .2877 mills above the Act 1 index and translates into a 3.8 percent tax increase.
In 2014-15, a resident with a home assessed at $204,727 will pay $131 more in taxes.
Affecting the budget is an increase in Public School Employees' Retirement System contributions from 16.9 percent to 21.4 percent.
District Superintendent Michael Roth said the budget is indicative of the ongoing state of the economy.
"We're in a difficult budget season based on the cuts we've had to deal with from the state the past few years," he said.
Roth added the board continues to do its best to ensure academics remain a priority in the district.
"Yet again, the board is in a difficult position to make the decision to fund and maintain programs in the district," he said.
The board will meet at 7:30 p.m. June 18 to approve the final budget.
The final budget must be approved by June 30.
In other business, the board approved a parameters resolution for the refunding and refinancing of the 2009 and 2010 bonds and the issuing of new bonds for new financing for capital projects.
Scott Scheare of Public Financial Management, Inc., Harrisburg, told board members the bonds can be legally refinanced. He recommended that they should take advantage of refinancing options.
"The market does look extremely favorable right now," Scheare said.
Also during the meeting, Robert Bruchak was approved to serve as board secretary, effective July 1, 2014 through July 31, 2015, and Dawn Nickischer was approved as treasurer, effective July 1, 2014 through June 30, 2015.
Allentown, PA 18102