Abington School Board: Budget on the Draft Agenda

The Abington School Board will vote on the school district's 2012-13 final budget at its meeting tonight, according to the draft agenda.

Check out the proposed final budget and the draft agenda in the PDF section to the right.

The 2012-13 budget is up 4.55 percent over last year's installment, bringing the total to $133.47 million. According to the proposed final budget, the millage rate will stay put at 27.80, meaning a house assessed at $141,000, would pay $3,920 annually.

In the last five years, tax increases have been under 2 percent. 

Last year, the school board used $5.58 million in allocated fund balance to close the gap on the 2011-12 budget; there is $10.27 million in allocated fund balance in the 2012-13 proposed final budget.

Mandated benefits in the proposed final budget are up about 24 percent, or about $3.18 million, to $16.52 million; salaries are up just 2.58 percent, or up $1.89 million, to $75.23 million.