Budget
In 2011, the average teacher salary in Keystone Central School District was $63,722 a year, while the cost of the benefits teachers receive was $20,187 per employee, for a total annual average teacher compensation of $783,909.
In 2009 salaries of KCSD teachers ranged from $40,038 to $123,500.
In 2007, the average teacher salary in the District was $54,535 for 182 school days worked. This was the highest average teacher salary in Clinton County 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. Additionally, the teachers receive a defined benefit pension, health insurance, dental insurance, professional development reimbursement, personal days, 10 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.
Keystone Central School District had administrative costs per pupil in 2008 of $788 per pupil. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil.
In 2008 Keystone Central reported per pupil spending was $12,411.
In January 2010, the Pennsylvania Auditor General conducted a performance audit of the school district. Findings were reported to the school board.
Students who live in the Keystone Central School District's attendance area may choose to attend one of Pennsylvania's 157 public charter schools. Or a student living in a neighboring public school district may seek admission to Keystone Central School District. For these cases, the Pennsylvania Department of Education sets an annual tuition rate for each school district. It is the amount the public school district pays to a charter school for each resident student that attends the charter and it is the amount a nonresident student's parents must pay to attend the District's schools. The 2012 tuition rates are Elementary School - $9,017.02, High School - $9,589.62
The District is funded by a combination of: a local income tax 1.5%, a property tax, a real estate transfer tax 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 Pennsylvania, both pension income and social security income are exempted from local earned income tax and state personal income tax regardless of the individual's wealth.
Read more about this topic: Keystone Central School District
Famous quotes containing the word budget:
“The United States is the only great nation whose government is operated without a budget. The fact is to be the more striking when it is considered that budgets and budget procedures are the outgrowth of democratic doctrines and have an important part in developing the modern constitutional rights.... The constitutional purpose of a budget is to make government responsive to public opinion and responsible for its acts.”
—William Howard Taft (1857–1930)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)
“You can fool all the people all the time if the advertising is right and the budget is big enough.”
—Joseph E. Levine (b. 1905)