The 2013-2014 Allegheny Valley School District budget calls for budgetary expenditures of $19,638,593. Approved at the June 17, 2013 Regular Meeting, the budget includes an increase in expenditures from the 2012-2013 budget of a projected $317,431 or 1.64%. Residents will notice the difference in the millage rate from last year’s 23.46 mills. The change comes from the fact that all school districts must remain “revenue neutral” from the reassessment process. The budget calls for no millage increase for residents. However, once the county provided final reassessment amounts, the District had to recalculate its millage rate for all taxpayers so that Allegheny Valley would not see a windfall in tax revenue. Any changes that residents see in property taxes are due to the reassessment, not an increase in millage. The millage rate for 2013-14 is 19.9494.
The 2013-2014 General Fund reflects:
Total Revenue: $19,638,593
Total Expenses: $19,638,593