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TYRONE -- The Tyrone Area School Board approved the district's 2022-23 proposed budget, which, if approved again in June, would result in a 4.8% tax increase.
That's the maximum allowed under Act 1.
The proposed Blair County millage rate of 7.2077 is a 0.3301 mill increase from last year.
For a Blair County property valued at $100,000, the cost of property tax would be $673.56, an increase of $30.85 from last year.
Taxes also will be increased in Centre and Huntingdon counties -- by an average of $14.66 and $33.18, respectively.
Next year's revenue is projected to be $29.1 million, and expenditures total
$30.2 million. In 2022-23, revenue will be slightly higher than this year's $25.7 million.
Most of the projected revenue -- $16.6 million -- will come from the state. The local and federal revenue amounts are $8.1 million and $4.2 million, respectively.
The district's $4.2 million in federal revenue next year is significantly higher than this year's $1.87 million.
Expenditures for the upcoming year are slightly higher than this year's $27.5 million.
The deficit for 2022-23 will be $1.1 million and will be covered by "increasing revenues and prudent spending," according to district business administrator Faith Swanson.
"The budget includes transfers to capital reserves and budgetary reserve," Swanson said. "Those amounts can be adjusted as needed. I did not account for any increase in basic education funding or special education funding as these amounts have not been confirmed by the legislature yet."
In other matters Tuesday, the board approved the proposed 2022-23 Greater Altoona Career and Technology Center budget of $11.3 million with a district cost of $415,927.
Mirror Staff Writer Andrew Mollenauer is at 814-946-7428.