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Keystone Oaks board adopts 2024–25 final budget with 3% tax increase; approves multiple contracts and personnel actions
Summary
The Keystone Oaks School District board adopted its 2024–25 final budget — including a 3% tax increase below the Act 1 index — and approved a package of personnel contracts, the superintendent's salary and other routine items. The budget shows a small deficit to be covered by fund balance.
Keystone Oaks School District directors voted to adopt the district's 2024'25 final budget and approved multiple personnel contracts and administrative actions during their regular meeting.
The district's business official presented the final budget for 2024'25, reporting estimated expenditures and expected revenues and noting a deficit of $305,502 that the district plans to cover from fund balance. The board also approved a 3% tax increase for the year, a rate the official said is below the state's Act 1 index allowance.
The budget adoption was the most consequential fiscal action of the night. Board discussion referenced multi-year projections and an impending…
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