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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