Budget
In 2009, the district employed 100 teachers. The average teacher salary in the district was $52,633 for 188 days worked. There are 182 student days. The beginning salary was $31,860, while the highest salary was $117,617. Teachers work an 7 hour 40 minutes day, with one 35 minute planning period and a paid 30 minute lunch included. Additionally, the teachers receive: a defined benefit pension, health insurance teacher pays $60/month, life insurance, professional development reimbursement, 2 paid personal days, 10 paid sick days which accumulate, paid leave in the event of death in the family and many other benefits. The board offered a $20,000 cash retirement incentive in 2011. The board gives the teachers' union four paid days for conducting union business. When teachers are requested to perform professional services in excess of their regularly assigned schedule, they receive compensation at $25 per hour.
In 2007, the average teacher salary in the district was $53,414 for 180 days worked. The district ranked first in McKean County for average teacher salary in 2007. 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.
In 2008, per pupil spending at Kane Area School District was $11,242 for each child. This ranked 373rd among Pennsylvania's 500 school districts.
In 2008, the Kane Area School District reported an unreserved designated fund balance of $1,735,233 and an unreserved-undesignated fund balance of $1,375,195.
In November 2010, the Pennsylvania Auditor General conducted a performance audit on the district. The findings were reported to the school board and administration.
The district is funded by a combination of: a local tax on income, a property tax, a real estate transfer tax 0.5%, coupled with substantial funding from the Commonwealth of Pennsylvania and the federal government. Grants have provided an opportunity to supplement school funding without raising local taxes. In Pennsylvania, pension income and Social Security income are exempted from state personal income tax and local earned income tax, regardless of the level of wealth.
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