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:
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