New Castle News

Local News

May 15, 2014

Laurel budget proposal has no tax increase

NEW CASTLE — The Laurel School Board has introduced a $17.8 million budget that requires no tax increase.

The $17,849,586 spending plan for the 2014-15 school year is $361,496 higher than the current year’s.

Business manager Mary Kosek said the additional spending is mainly because of the district’s payment to the Public School Employees Retirement System.

The district’s payment for 2014-15 is $1,763,066, which is $386,500 higher than the current year’s amount.

Next year’s payment is based on 21.4 percent of the total salary of district employees who contribute to the pension system. This year’s cost was based on 16.93 percent. The percentage is set by the state.

Kosek said revenue totals $15,907,168. The budget will be balanced with $1,942,418 from the district’s fund balance. As of June 30, 2013, the fund balance had approximately $7.3 million, she said.

The district’s property tax will remain at 12.49 mills. Final adoption is planned for the June meeting.

The eight board members present voted in favor of the budget Tuesday. Lance Nimmo was absent, although he voted by phone in favor of the Lawrence County Career and Technical Budget. Laurel’s share of the 2014-15 budget is $310,000, the same as the current year.

At Tuesday’s meeting, the board also:

•Approved Kosek as board secretary for the next school year at a salary of $5,250, the same as for the current year.

•Approved compensation for the district’s tax collectors in Hickory, Scott and Slippery Rock townships for a four-year period through 2017. The compensation is the same as the current year. They will receive a base pay of $3,650 each plus $4.25 for each property tax account collected, 50 cents for each per capita tax account collected and 1 percent of delinquent property taxes that they file.

•Moved Ellaina Oakes from a four-hour to a five-hour breakfast/lunch position at the junior/senior high school cafeteria at the rate of $9.75 per hour.

•Agreed to contribute $200 each to the volunteer fire departments in Hickory, Scott and Slippery Rock townships.

(Email: jmanna@ncnewsonline.com)

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