Budget
In 2007, the district employed 152 teachers. The average teacher salary in the district was $55,249 for 180 days worked. In Pennsylvania, the average salary of the 124,100 public school teachers was $54,977. As of 2007, Pennsylvania ranked in the top 10 states in average teacher salaries. When adjusted for cost of living Pennsylvania ranked fourth in the nation for teacher compensation. Additionally, the teachers receive a defined benefit pension, health insurance, professional development reimbursement, personal days, sick days, and other benefits. According to State Rep. Glen Grell, a trustee of the Pennsylvania Public School Employees’ Retirement System Board, a 40-year educator can retire with a pension equal to 100 percent of their final salary.
The district administrative costs per pupil in 2008 were $868.13 per pupil. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil. The Pennsylvania School Boards Association keeps statistics on salaries of public school district employees in Pennsylvania. According to the association, the average salary for a superintendent for the 2007-08 school year was $122,165. In 2008, Mark W. King, Superintendent, received $135,449. Superintendents and administrators receive a benefit package commensurate with that offered to the district's teachers' union.
In 2008, the Deer Lakes School District reported an unreserved designated fund balance of zero and an unreserved-undesignated fund balance of $3,422,912.00.
The district is funded by a combination of: a local earned income tax, a property tax, a real estate transfer tax, grants, coupled with substantial funding from the Commonwealth of Pennsylvania and the federal government. In Pennsylvania, pension income and social security income are exempt from Pennsylvania personal income tax and local earned income tax, regardless of the level of income.
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