The Tyrone Area School Board passed the district\u2019s 2004-05 budget unanimously last night after the 30-day review period for public inspection had expired since the proposed budget was released last month.
\nThe general fund budget reflected total revenues in the amount of $17,696,315 while total expenditures are in the amount of $18,262,274.
\nThe budget calls for $565,958 from the fund balance from 2003-04 to be used to balance the 04-05 budget. This would leave a projected fund balance of $1,497,514 at the end of 04-05.
\nThe budget requires a 81.71 mills tax levy for the Blair County portion of the school district, which translates into $81.71 per $1,000 of assessed value. This represents no increase in taxes for the Blair County portion.
\nIn Centre County, taxes will decrease by 1.69 mills to 19.36 mills or $19.36 per $1,000 of assessed value. Huntingdon County real estate taxpayers will see a decrease of 2.42 mills to 60.11 mills or $60.11 per $1,000 of assessed value.
\nThe adjustments reflect changes in market value as required by the State Tax Equalization Board. The system is used when districts cross county lines.
\nLast month, Dr. William N. Miller, superintendent of schools, said the budget marked the sixth straight year there will be no tax increase for district property owners.
\nThe Earned Income Tax will be 0.65 percent.
\nThe school board also approved the athletic budget in the amount of $315,608.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Tyrone Area School Board passed the district\u2019s 2004-05 budget unanimously last night after the 30-day review period for public inspection had expired since the proposed budget was released last month. The general fund budget reflected total revenues in the amount of $17,696,315 while total expenditures are in the amount of $18,262,274. The budget calls […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-44333","post","type-post","status-publish","format-standard","hentry","category-local-news-in-the-tyrone-pennsylvania-area"],"_links":{"self":[{"href":"https:\/\/tyronepa.com\/index.php?rest_route=\/wp\/v2\/posts\/44333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tyronepa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tyronepa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tyronepa.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tyronepa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44333"}],"version-history":[{"count":0,"href":"https:\/\/tyronepa.com\/index.php?rest_route=\/wp\/v2\/posts\/44333\/revisions"}],"wp:attachment":[{"href":"https:\/\/tyronepa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tyronepa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tyronepa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}