Public school districts in Pennsylvania are required to adopt a final budget no later than June 30 for each succeeding fiscal year.

Act 1 of 2006 establishes the process which school districts must follow in adopting their budgets. Act 1, as amended by Act 25 of 2011, establishes the maximum percentage that a school district may increase its real estate tax rate without voter referendum or exceptions that must be approved by the Pennsylvania Department of Education. This index is calculated based upon the Pennsylvania statewide average weekly wage and the Federal employment cost index for elementary/secondary schools, which is then adjusted for each district’s market value/personal income aid ratio.

Each fiscal year a school district must choose to either adopt a preliminary general fund budget or adopt a resolution stating that taxes will not be raised above the school district’s adjusted index. A preliminary budget must be adopted no later than 90 days prior to the primary election, and the resolution not to exceed the index must be adopted no later than 110 days prior to the primary election.

The 2022-2023 General Fund Budget

The 2022-2023 General Fund Budget

The Board of School Directors of the Cornwall-Lebanon School District, at its regular scheduled Board Meeting on June 20, 2022, approved a Final General Fund Budget of $91.3 million. The final budget includes a 3.85 percent increase in the real estate tax rate over the existing rate for the 2021-2022 fiscal year. The Act 1 Index limit for Cornwall-Lebanon for the 2022-2023 fiscal year is 4.3 percent. The increase in the tax rate amounts to a $100 increase in the real estate tax bill for the median homeowner having an assessed property value of $161,900. The real estate tax rate established as a part of this budget is 16.7095.

Property tax relief in the amount of $152.74 will be provided to approved homestead and farmstead property owners on their July 1, 2022 property tax bills. This relief, as a part of the Pennsylvania Taxpayer Relief Act (Act 1 of 2006), will appear directly on individual tax bills as a reduction in the assessed value of each approved homestead and farmstead property.

Total expenditures are projected to be $91.3 million in the 2022-2023 final budget. The increase in expenditures represents a $3.4 million or 3.9% increase from the 2021-2022 budget. Major cost drivers include a 20% increase for special education placements, a 38% increase for purchased professional services (occupational therapy, physical therapy, nursing, and counseling), and a 14% increase for supplies and equipment. Additionally, third party cyber charter school tuition represents a 59% increase ($728,000) from 2019-2020.

Total revenues in the 2022-2023 final budget are projected to increase by $2.5 million or 2.9% from the 2021-2022 budget.

Part of the increase in both total expenditures and total revenues is the result of one time federal funding through the Elementary and Secondary School Emergency Relief (ESSER) Fund, authorized by the American Rescue Plan (ARP), to address the impact that COVID-19 has had, and continues to have, on elementary and secondary schools across the nation. This one time federal funding will be used over several fiscal years.

The District anticipates using Assigned Fund Balance of $236,000 to balance the 2022-2023 budget.

 

View the 2022-23 Final General Fund Budget on PDE Form 2028

View the most recent Annual Financial Report (AFR) for 2020-2021 on PDE form 2057.