New Castle News

Updates

June 11, 2013

Shenango OKs budget with no tax hike

NEW CASTLE — The Shenango Area School Board adopted a $15.8 million budget Monday night that requires no tax increase.

All eight members present voted in favor of the $15,819,792 spending plan for the 2013-14 school year. Joseph Gaus was absent.

The district’s property tax rate is 12.36 mills.

The budget is $43,012 higher than the current spending plan.

Key elements of the budget include the transfer of $100,000 from capital reserve and placing $75,000 of it in a contingency fund to take care of any emergencies. The remaining $25,000 is reserved for fuel.

Another transfer involves money that had been budgeted on a 1990s bond issue. Only $101,500 of $583,388 budgeted is needed for the last payment on the issue. The remaining $481,888 is being transferred to the capital reserve account for building improvements to be determined later.

Wages are up by about $88,000, but superintendent Dr. Michael Schreck said the district realized savings through retirements. Plus, there is no increase in health insurance costs for the next school year.

The board also accepted the resignation of assistant high school principal Daniel Mayer.

Schreck said Mayer has been named assistant high school principal in the Fort Cherry School District in Washington County. Mayer has held the Shenango position for six years.

Schreck said plans are to fill the assistant principal position by July.

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