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Greater Johnstown board approves $74.39 million budget, keeps millage at 48.62 mills and authorizes bond financing for Garfield renovations
Summary
On June 4 the Greater Johnstown Board approved a $74,394,714 2026‑27 general operations budget with estimated expenditures of $74,292,114 and a use of fund balance of $102,625, set the millage rate at 48.62 mills (no increase), and approved a resolution to finance Garfield Middle School renovations and related capital improvements.
The Greater Johnstown Board of School Directors on June 4 approved the district’s 2026‑27 Final General Operations Budget, listing revenues of $74,394,714, estimated expenditures of $74,292,114 and a planned use of fund balance of $102,625. The board set the millage rate at 48.62 mills, noting the rate does not increase for the coming year.
PNC Managing Director Alisha Reesh Henry reviewed the District’s Series 2025 and 2026 bond issues during a presentation to the board and urged preservation of the district’s balanced budget to help maintain its A‑ rating; she commended Business Manager Les Paul Buchko and the board for preparing a balanced plan. Board members voted to approve a resolution to finance renovations, improvements and mechanical, electrical and plumbing upgrades to Garfield Middle School and other capital improvements, and to appoint Dinsmore & Shohl LLP as bond counsel and PNC Capital Markets, LLC as investment banker in connection with that financing.
The budget and the bond resolution were approved by voice/polled votes recorded on the agenda as passed (BF‑80‑26; BF‑82‑26). The board also authorized standard banking and procurement arrangements for the 2026‑27 year, named depositories and approved a set of newly awarded grants, including a PCCD School Safety & Mental Health grant valued at $156,744.
Board President Eugene Pentz and Business Manager Les Paul Buchko were present for the discussion; the presentation on bond issues and the financial overview preceded the formal vote. The board did not increase its millage rate as part of the budget adoption. The financing resolution delegates selection of bond counsel and an investment banker and was approved by the board at the meeting.
Next steps for the financing include work with appointed bond counsel and the investment banker; the board recorded the vote on June 4 and the district will proceed with the financing process under the approved parameters.
