About the BudgetIntroductionDeveloping and administering a budget is one of the most important and challenging duties facing any school district. This is particularly true for Derry Township School District. The district derives a relatively low percentage of its revenues from state and federal sources. According to the National Center for Education Statistics, on average Pennsylvania public school districts receive about 39% of their revenues in state subsidies. Comparatively, Derry Township School District receives just 14% of its revenue from the state. The School Board and administration strive to maintain the high quality of education our students deserve. But we never lose sight of the fact that 86 cents of every dollar in the budget comes from local taxpayers.Our goal is to be a national model for public education.That includes demonstrating exemplary fiscal management.Building a BudgetThe district’s fiscal year runs from July 1 to June 30. The district begins developing the budget for the subsequent fiscal year in late summer and the process concludes in June when the board adopts the final budget. Over these months, district and building administrators internally review existing and proposed educational programs that will drive the district forward in meeting the educational needs of its students. The board’s finance committee holds several meetings from September through May/June to discuss the budget and solicit input from the public. 2019-2020 BudgetAt its June 24, 2019 business meeting, the DTSD Board of School Directors voted to adopt a$65.3 million budget for the 2019-2020 school year. The 2019-2020 Budget will continue the financial support for all educational and co-curricular/athletics programs operated in the previous school year with some of the following additions:
- Addition of 1 full time MS Counselor
- Addition of 1 full time Supervisor of Safe and Supportive Schools
- Addition of Link Crew Limited Service Contracts
- iPad Leases for Elementary
Under the budget, a Derry Township property with an assessed value of $150,000 (the township average) will be taxed at $2,819.37. Assessed value is the taxable worth of a home, and is usually much lower than the market value, which is the projected re-sale price of a property.Related Links
2018-2019 BudgetAt its June 25, 2018 business meeting, the DTSD Board of School Directors adopted a $64 million budget for the 2018-2019 school year. The budget includes a 2.4% real estate millage rate increase in order to maintain all core programs currently operated by the district as well as the funding necessary to move from a half-day kindergarten program to full-day kindergarten.
Under the budget, a Derry Township property with an assessed value of $150,000 (the township average) will be taxed at $2,780.45. Assessed value is the taxable worth of a home, and is usually much lower than the market value, which is the projected re-sale price of a property.