2012-13 Proposed Final General Fund Budget
The 2012-13 Proposed Final General Fund Budget of the East Lycoming School District was adopted by the School Board on May 8, 2012 and totals $21,202,257. As adopted, the budget represents an increase of $1,015,935 or 5.03% over the current year’s budget. The expenditure increases are accounted for in four main areas:
Health Insurance: $250,000
PA School Retirement System: $312,000
Cyber-Charter School Tuition: $130,000
Debt Service for Prior Building Renovations: $240,000
For the district to meet its fiscal responsibilities, the Real Estate Tax Rate will increase to 11.78 mills for the 2012-13 budget representing a .25 mill increase or 2.17%.
The proposed local taxes for the School District’s 2012-13 fiscal year are as follows:
Real Estate Tax 11.78 mills
Earned Income Tax 1.20%
Real Estate Transfer Tax .50%
