2019-2020 Budget

  • The Fox Chapel Area School Board approved the 2019-2020 final budget at its regular business meeting on June 10.
     
    The budget calls for expenditures of $103,803,074. The final millage rate for 2019-2020 is 19.5750 mills, and there was no increase in millage from the 2018-2019 school year. One mill will equal approximately $3.5 million.

    The 2019-2020 final budget reflects the following:

    • New Kerr Elementary construction and programs:    
      • Spanish Immersion
      • Pre-Kindergarten

    • 28 professional staff to retire between 7/1/2019 and 6/30/2020 as part of the Early Retirement Incentive (ERI):
      • Resulting in 28 one-time severance payments
      • Increases the Other Post-Employment Benefit (OPEB) account for retiree health care

    • Not all positions will be replaced with a new hire, but those that are will be replaced with a professional employee on the lower end of the salary scale, and, therefore, future savings are anticipated. Other positions are planned to be replaced with existing employees with optimal schedule configurations.

    • Insurance premium increases:
      • 1.9% medical insurance
      • 2% dental insurance
      • 7% vision insurance

    • Public School Employees’ Retirement System (PSERS) employer contribution rate set at 34.29% for 2019-2020:
      • 3% increase in cost from 2018-2019
      • Accounts for 15% of overall budget
      • The state reimburses 50% of the costs, which is included under revenues

    • Increased safety and security costs due to additional safety measures:
      • Enhanced security construction planned for all building and athletic entrances