Introduction Developing and administering a budget is one of the most important and challenging duties facing any school district. This is particularly true for Derry Township School District. The district derives a relatively low percentage of its revenues from state and federal sources. According to the National Center for Education Statistics, on average Pennsylvania public school districts receive about 39% of their revenues in state subsidies. Comparatively, Derry Township School District receives just 14% of its revenue from the state. The School Board and administration strive to maintain the high quality of education our students deserve. But we never lose sight of the fact that 86 cents of every dollar in the budget comes from local taxpayers.
Our goal is to be a national model for public education.
That includes demonstrating exemplary fiscal management.
Building a Budget
The district’s fiscal year runs from July 1 to June 30. The district begins developing the budget for the subsequent fiscal year in late summer and the process concludes in June when the board adopts the final budget. Over these months, district and building administrators internally review existing and proposed educational programs that will drive the district forward in meeting the educational needs of its students. The board’s finance committee holds several meetings from September through May/June to discuss the budget and solicit input from the public.
At its May 8 business meeting, the Derry Township School District Board of School Directors proposed a $61.4 million balanced budget for the 2017-2018 school year that sets the local real estate tax rate at 18.3281 mills. The proposed budget, which will be considered for final adoption at the board’s June 12 meeting, keeps the district’s millage rate as one of the lowest in Dauphin County.
Under the proposed budget, a Derry Township property with an assessed value of $150,000 (the township average) will be taxed at $2,749.21. Assessed value is the taxable worth of a home, and is usually much lower than the market value, which is the projected re-sale price of a property.
At its June 13, 2016 meeting, the Derry Township Board of School Directors adopted a $59.8 million budget for the 2016-17 school year that freezes taxes and preserves quality educational programing while retaining one of the lowest millage rates in Dauphin County.
The millage rate for 2016-17 will remain at 18.1019 mills, the same as last year. A property with an assessed value of $150,000 (the township average) will continue to be taxed at $2,715.29. Assessed value is the taxable worth of a home, and is usually much lower than the market value, which is the projected re-sale price of a property.