New Castle News

Closer Look

May 15, 2013

Shenango board not raising taxes

NEW CASTLE — The Shenango Area School Board has introduced a $15.8 million budget that requires no tax increase.

The $15,819,792 spending plan for the 2013-14 school year is $43,012 higher than the current budget.

The vote Monday night was unanimous, but only eight board members were present. Nicholas Manolis voted through a conference call.

Wages have increased by about $88,000, but the district realized savings through retirements, superintendent Dr. Michael Schreck said. In addition, health insurance costs did not increase for the next school year.

The budget includes transferring $100,000 from capital reserve and placing $75,000 in a contingency fund in case of any emergencies and reserving the remaining $25,000 for fuel.

“I have to commend the board and administrators with doing a great job in controlling expenditures,” Schreck said.

The district’s property tax is currently at 12.36 mills.

The board also approved transferring money that had been budgeted for payment on a 1990s bond issue to the capital reserve account. A total of $583,388 was budgeted, but the last payment is only $101,500. The remaining $481,888 will be transferred for building improvements to be determined later.

The board expects to adopt the budget at its June meeting.

The 2013-14 budget of $6,842,838 for the Lawrence County Career and Technical Center was voted down 8-1. Denise Palkovich, who is an alternate member of the vo-tech school’s board, cast the yes vote. She said she had voted for the budget when it was considered by the center board.

Albert Burick, Shenango’s board president, said after the vote, “We’re asking vo-tech to go back and look at their budget.

“We hold our administrators to fiscal responsibility. We have cut every penny in our budget. We have not seen the same” with the vo-tech school.

(Email: jmanna@ncnewsonline.com)

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