Debbie Wygent of LancasterOnline had this update on Octorara’s 2014-15 $48.36 million dollar budget from last week’s school board work session, a meeting that lasted all of twenty-three minutes:
Although preliminary figures show a slight budget increase for 2014-15, the Octorara Area School Board said Monday, Jan. 13 it will likely use about $1.4 million in fund balance to limit any tax increase to 2.6 percent.
By staying within the tax increase limit set by the state— known as Act 1 —the district does not have to approve a preliminary budget this month.
The district will also be forgoing a chance to use “exceptions,” which allow for larger tax increases to account for spending that is out of the district’s control, such as costs for special education and pensions.
Business Manager Dan Carsley said he is still waiting for some key figures such as state funding and the price of diesel fuel, but the proposed budget now stands at $48.36 million.
This amount is up about $865,000, or 1.8 percent from the spending plan for 2013-14.
Read the entire article here on LancasterOnline.