FOX CHAPEL AREA SCHOOL DISTRICT 2025-2026 FINAL BUDGET
FOX CHAPEL AREA SCHOOL DISTRICT 2025-2026 FINAL BUDGET
The Fox Chapel Area School Board adopted the 2025-2026 final budget at its regular business meeting June 9, 2025. The budget calls for total expenditures of $ 123,187,421 and total revenues of $ 120,709,693. The budget will be balanced via a 2.3 % tax millage increase and the utilization of a portion of the available fund balance. The 2.3 % millage increase falls below the 4 % Act 1 index increase allowed by the state.
The tax increase reflects a decrease in real estate tax revenues because of changes in assessment values and an increase in recurring costs related to student transportation.
The 2025-2026 final budget also reflects the following:
• Increased expenses due to facility improvements o Water / sewer line repairs o HVAC upgrades o Building safety upgrades o A funds transfer into the Capital Reserves Fund to be used toward the district’ s multiphase capital projects plan
• Employee insurance premium increases o 5.7 % for medical coverage o 3 % for dental coverage o 3 % for vision coverage
• Public School Employees’ Retirement System( PSERS) employer contribution rate of 34 % for 2025-2026 o This accounts for 14 % of the overall budget. The state reimburses the district 50 % of the costs.
The final millage rate for 2025-2026 is 22.0076 mills. Each mill generates approximately $ 3.7 million for the school district. Properties that have approved homestead / farmstead exemptions will see an increase below 2.3 % due to an increase in property tax relief funds from the state.
Breakdown of Revenues ox Chapel Area
FOX X CHAPEL AREA SCHOOL NEWS
Local Revenue( 78.29 %) |
$ 94,502,338 |
State Revenue( 20.81 %) |
$ 25,119,561 |
Federal Revenue( 0.85 %) |
$ 1,027,794 |
Other Revenue( 0.05 %) |
$ 60,000 |
Total Revenues |
$ 120,709,693 |
Breakdown of Expenditures
Instruction( 59.11 %) |
$ 72,820,950 |
Support Services( 29.02 %) |
$ 35,754,537 |
Debt Service( 4.70 %) |
$ 5,792,902 |
Non-Instruction( 2.70 %) |
$ 3,332,003 |
Fund Transfer( 1.64 %) |
$ 2,025,000 |
Facilities( 1.59 %) |
$ 1,962,029 |
Budgetary Reserve( 1.22 %) |
$ 1,500,000 |
Total Expenditures |
$ 123,187,421 |
Percentages are approximate due to rounding |
10 FOX CHAPEL AREA