Budget and Taxes
The District Budget comprises revenue derived from local sources (taxes), state funding, and federal projects. The approximate percentages of these revenue sources are 56% local, 40% state and 4% federal.
In 2008, the district reported a deficit of -$1,479,756 in an unreserved-undesignated fund balance. The designated fund balance was reported as zero.
In 2007, the district employed over 124 teachers. The average teacher salary in the district was $48,873 for 184 days worked.
In 2009, the district reported employing over 160 teachers with a salary range of $35,157 to $99,400 and a median teacher salary of $56,872. Teachers work 7 hours per day with a 30 min lunch period and a daily prep period. In addition to salary, the teachers' compensation includes: health insurance, life insurance, paid funeral leave, 10 paid sick, 2 personal days, and reimbursement for college courses. At retirement, teachers receive $40 per unused sick day up to 200 days and can receive district funded health insurance. Teachers receive extra compensation for additional duties and for extracurricular advising and sports coaching.
In 2008, Hanover Area School District reported spending $10,869 per pupil. This ranked 404th among the 500 school districts, in the commonwealth.
Hanover Area School District administrative costs per pupil in 2008 was $801.81 in 2008. This ranked 199th in Pennsylvania public schools. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil.
In 2009, the district reported having over $21 million in outstanding debt in General Obligation bonds and over $5 million in other long term debt.
In April 2011, the Pennsylvania Auditor General conducted a performance audit of the district. Significant findings were reported to the school board and the school district administration
The district is funded by a combination of: a local earned income tax, a property tax, a real estate transfer tax of 0.5%, coupled with substantial funding from the Commonwealth of Pennsylvania and the federal government. Grants can provide an opportunity to supplement school funding without raising local taxes. In the Commonwealth of Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax regardless of the individual's level of wealth.
Read more about this topic: Hanover Area School District
Famous quotes containing the words budget and/or taxes:
“We might come closer to balancing the Budget if all of us lived closer to the Commandments and the Golden Rule.”
—Ronald Reagan (b. 1911)
“As I went about with my father when he collected taxes, I knew that when taxes were laid some one had to work to earn the money to pay them.”
—Calvin Coolidge (1872–1933)