Budget and Taxes
In 2008, the district reported $1,088,066 in an unreserved-undesignated fund balance. The designated fund balance was reported as zero.
In 2007, the district employed over 157 teachers. The average teacher salary in the district was $52,842 for 186 days worked.
In 2009, the district reported employing over 170 teachers with a salary range of $39,699 to $116,986 and a median teacher salary of $59,616. Teachers work 7 hours per day with a duty free 30 minute lunch period and a daily prep period. In addition to salary, the teachers' compensation includes: health insurance (with no employee contribution), life insurance, paid funeral leave, 10 paid sick days, 2 personal days, and reimbursement for college courses. At retirement, teachers receive $30 per unused sick day and can receive, through district funding, 40% of final salary retirement bonus and health insurance until age 65. Teachers receive extra compensation for additional duties and for extracurricular advising and sports coaching. The teacher's union is given 10 days with pay to use at its discretion for teachers to conduct union business.
In 2008, Wyoming Area School District reported spending $9,812 per pupil. This ranked 487th among the 500 school districts, in the commonwealth.
Wyoming Area School District administrative costs per pupil in 2008 was $599 in 2008. This ranked 440th in Pennsylvania public schools. The lowest administrative cost per pupil in Pennsylvania was $398 per pupil.
In 2009, the district reported having over $27 million in outstanding debt in General Obligation bonds and over $1 million in other long term debt.
In December 2009, the Pennsylvania Auditor General conducted a performance audit of the district. 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 of 1%, a per capita tax of $5.00 on residents over 21 years old, 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.
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