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Business Department News

Perkiomen Valley School District’s Board of Directors approved a $105,274,506 spending plan for the 2018-19 school year at the June 11 meeting, after many months of planning to incorporate additional resources for students while limiting the impact to the taxpayer.

Next year’s budget includes a 2.71 percent tax increase, which is below the 2.8 percent cap that the School Board had agreed not to exceed. Some of the highlights of next year's budget include:
  • Addition of two special education teaching positions (new)
  • Addition of two elementary school counseling positions (new)
  • Addition of a social worker position (financed through existing contract swaps)
  • Addition of a Supervisor of Special Education (financed through contract exchange)
  • Addition of Chief Information Officer 
  • Negotiation of lower rate for transportation contract
  • Using $373,000 from the reserve fund set aside for retirement costs 
  • Using $180,000 from the unassigned fund balance to offset the budgetary shortfall 
  • Using $214,096 from the debt service fund balance to offset the budgetary shortfall 
Overall for next year’s budget, expenditures have increased 2.58 percent over the current budget. A large percentage of that increase is tied to increased state-mandated contributions to the Pennsylvania School Employees Retirement System (PSERS), contractual salary increases, debt service payments, health benefits and the STA contract. PSERS is the single largest expenditure increase for the district – the district’s contribution rate will increase to nearly 33 percent next year and represents over 50 percent of the district’s benefits costs.

Though it has been challenging to budget with such large increases dictated by the state, the School Board and administration have worked hard to keep taxes below the state index. This year, that index for PV was 2.8 percent. The approved budget includes a 2.71-percent tax increase. For the average homeowner with an assessed home value of $180,000, that results in a $158 increase over last year.