2018-19 Budget Information
This special webpage will be updated continuously throughout the 2018-19 budget process.
2018-19 School Budget Approved
The Reading School District Board of Directors voted 9-0 to approve the final 2018-19 school budget on Wednesday, June 27. The 2018-19 school budget totals $282,962,010 and does not include a real estate tax increase. The millage rate will remain at 17.93 mills.
The budget includes a major investment in hiring, including the addition of 57 staff positions. Positions include: special education teachers; ESL teachers; teachers for Students with Interrupted Formal Education (SIFE); academic support; guidance; safe school officers; clerical; custodial; and college outreach coordinator.
The budget includes the addition of RKAA-Glenside, a program that will provide Reading High School students with smaller learning environments and credit recovery options. The school district currently has a RKAA program at our City Line location.
Click here to view the final budget.
May Board Meeting
Proposed Final Budget Approved
The board approved the 2018-19 Proposed Final Budget. The budget totals $282,955,632 and includes a 2 percent tax increase. The tax increase would equal a $7.31 increase in the annual school district real estate taxes for a homeowner with the median assessed home value of $40,600. The budget includes no proposed cuts in staff, services or programs. The final budget will be approved during the next Regular Board Meeting on June 27. To access the proposed budget, click here.
May 7, 2018 Budget Workshop
The school board held a budget workshop on Monday, May 7. Currently, there is a $4.5 million deficit between 2018-19 expenditures and revenue, however, the district has available fund balance to cover the current projected deficit. The district plans to use an additional $8.2 million from fund balance to cover planned infrastructure projects. A possible tax increase is also being discussed. There are no proposed cuts in staff, services or programs.
1. The school board and district administration will continue to discuss the budget numbers.
2. A preliminary budget will be presented during the May 16 Committee of the Whole meeting, and the board would vote on the preliminary budget at the May 23 Regular Board meeting.
3. The preliminary budget will be posted on our district website, www.ReadingSD.org, for 30 days following the May 23 meeting.
4. The board will vote on the final budget on June 27.
Download a PDF of the Budget Workshop presentation or view it below.