Kennett school district OKs final budget

This article can be found published on the Daily Local News‘ website and the Southern Chester County Weeklies‘ website.
(Daily Local News)

(Daily Local News)

KENNETT SQUARE – The Kennett Consolidated School Board approved a $76 million operating budget for the 2014-15 school year at its meeting Monday, an increase in spending of about $2 million.

The final number is also up about $360,000 from the original preliminary budget presented in February.

The board was able to take the originally proposed tax increase of 2.51 percent and reduce it to 1.78 percent, setting the millage rate at 27.94. The average district homeowner will pay an additional $89 more in taxes next year.

“(This is) the smallest increase in over 15 years and down from historically high increases of over 10 percent” in the early 2000s, said board Treasurer Michael Finnegan. “The district has managed to weather the harsh economic times the past five years while preserving programs and improving facilities.”

… [Please continue the story on the Daily Local News website by clicking here.]

Overall, salaries are going down about $85,500, but employee benefits are up $1.3 million from the previous year. Supplies and books will also see an increase of roughly $78,500.

The final operating budget was approved unanimously by the board.

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Categories: Education

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