The Octorara Area Board of Directors and Finance Committee met on Monday, February 20, 2017. All nine Board members were in attendance.
Issues Influencing Octorara’s 2017-2018 Budget
Currently, there are no changes to Octorara’s Draft 2017-2018 Budget. We are still looking at a tax increase, once again, up to the legal limit. Despite this, a revenue shortfall will cause a deficit of $1.2 Million and a use of Fund Balance of $652,775. That said, Mr. Jeff Curtis provided the Board with new information that may affect the budget.
⇒ Governor Wolf’s Proposed State Budget
Governor Wolf has been getting some positive media coverage for proposing a “reasonable” new state budget while increasing Education spending. Well, the devil is in the details. First, here is what the Governor’s friends in the media are saying:
“In this third budget proposal, Wolf once again prioritized education spending, which was a campaign promise he made after his predecessor Gov. Tom Corbett slashed it amid the Great Recession.
Wolf’s planned $32.3 billion budget for 2017-18 calls for a $100 million increase in basic education. It also calls for $75 million more in early childhood education, $25 million more for special education and $8.9 million more for the 14 state-owned universities.” – The Morning Call
Sounds good so far, right? In other reporting, it is explained that the increase in Education spending is not coming from tax increases, but by improved efficiencies and eliminating waste. Let us talk about reality. Continue reading