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Lebanon Borough School 2013/2014 Budget Hearing March 21,2013

Lebanon Borough School 2013/2014 Budget Hearing March 21,2013. Heather Spitzer-Business Administrator Tim O’Brien-Superintendent. Budget Process 2013 . Needs based Priorities set by administration and BOE Mandates and Costs Savings & Revenue Enrollment Year Over Year Comparisons

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Lebanon Borough School 2013/2014 Budget Hearing March 21,2013

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  1. Lebanon Borough School2013/2014 Budget HearingMarch 21,2013 Heather Spitzer-Business Administrator Tim O’Brien-Superintendent

  2. Budget Process 2013 • Needs based • Priorities set by administration and BOE • Mandates and Costs • Savings & Revenue • Enrollment • Year Over Year Comparisons • State Aid Summary • Tax Rate Calculations & Tax Impact

  3. Needs & Goals • Student Achievement • Safety & Security • Maintain community investment in Facilities • Fiscal Responsibility

  4. Unfunded Mandates • PARCC (online testing) • Teacher & Principal Evaluations • State Curricular Changes with Mandated Timelines • HIB • Special Education Law and ADA compliance(504)- example: there is no funding for any 504 requirements.

  5. Summary of 13-14 State Aid

  6. Budget Highlights Facility • Security System Upgrade • HVAC Project Unfunded State Mandates • Staff and Student Information System • Teacher Evaluation System Curriculum & Programs • Professional Development – New CCCS • Instructional Hardware / Supporting Technology • Benchmark Testing Preparation • Art – increase in time 1 day per week • Establish Gifted & Talented Program • After School Activities

  7. Tax Impact • Total Net Tax Levy decrease of ($96,038) or (4.62%). • Tax decrease of ($8.40) per $100,000 of assessed home value OR (1.01%).

  8. How to Calculate the Tax Rate:

  9. What does that tax rate calculation mean to me? • The tax rate is based on average assessed property values. The average assessed property values have increased $1,101,424 or 0.40% and the tax levy has decreased($96,038) or (4.62%) resulting in a tax saving per household. • Example: 2012 House Value (Tax Assessment): $100,000 • 2013 Home Value (Tax Assessment): $104,000 (.40% increase) • 2012 Tax Rate of 0.83 per $100 of assessed Values • 2013 Tax Rate of 0.79 per $100 of assessed Values So • 2012 Property Tax Dollar Amount: $830.00 ($100K @ $0.83 rate) • 2013 Property Tax Dollar Amount: $821.60 ($104,000 $0.79 rate) • Actual Dollar Decrease: $8.40, or 1.01%

  10. Questions & Thank You Additional questions may be sent to the Superintendent, Mr. O’Brien at: tobrien@lebanonboroughsch.org

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