2019-20 Budget Information
This special webpage will be updated continuously throughout the 2019-20 budget process.
2019-20 SCHOOL BUDGET APPROVED
The Reading School District Board of Directors voted to approve the final 2019-20school budget on Wednesday, June 26.
The 2019-20 school budget totals $300,944,258 and does not include a real estate tax increase. The millage rate will remain at 17.93 mills.
With this budget, there are no reductions to staff or programs.
The budget includes the addition of RKAA-Thomas Ford, located in the former magnet school building. The RKAA program, which currently has locations at City Line and Glenside, provides Reading High School students with smaller learning environments and credit recovery options.
Click here to view the final budget or review it in the document viewer below.
May Board Meeting
The board approved the 2019-20 Proposed Final Budget. The budget totals $310,134,306 and includes no tax increase. The budget also includes no proposed cuts in staff, services or programs. The final budget will be approved during the next Regular Board Meeting on June 26. To access the proposed budget, click here or see the document viewer below. To view the PDE-2028 budget document, click here or see the document viewer below.
May 6, 2019 Budget Workshop
The school board held a budget workshop on Monday, May 6.
Currently, there is a $4 million deficit between 2019-20 expenditures and revenue, however, the district has available fund balance to cover the current projected deficit. The district plans to use an additional $6 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 formally presented during the May 15 Committee of the Whole meeting, and the board would vote on the preliminary budget at the May 22 Regular Board meeting.
3. The board will vote on the final budget on June 26.
Download a PDF of the Budget Workshop presentation or view it below.
Download a PDF of the 2019-20 Preliminary Budget or view it below.