About the Budget
IntroductionDeveloping 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.
At its May 9, 2022 business meeting, the DTSD Board of School Directors voted to make available for inspection the Proposed Final Budget for 2022-2023. The 2022-2023 Final Budget will be adopted by the Board of School Directors at the board meeting scheduled for June 13, 2022.
2021-2022 BudgetAt its June 28, 2021 business meeting, the DTSD Board of School Directors adopted a 2021-2022 budget freezing the local property tax millage rate at 2019 levels. The $66.2 million budget represents the second consecutive year of no millage hike and the 6th time over the last 10 budgets taxes have remained frozen.
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 Link
2020-2021 BudgetAt its June 22, 2020 business meeting, the DTSD Board of School Directors voted to adopt $65.8 million budget for the 2020-2021 school year that freezes property taxes. The 2020-2021 Budget will continue the financial support for all current educational and co-curricular/athletics programs.
Under the proposed 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 propertyRelated Link