The Fox Chapel Area School Board adopted the 2026-2027 final budget at its regular business meeting June 8, 2026. The budget calls for expenditures of $ 125,489,654 and revenues of $ 123,549,707. The budget will be balanced via a 3.1 % tax increase and the utilization of a portion of the fund balance. The millage increase falls below the 3.5 % Act 1 index increase allowed by the state. The millage rate for 2026-2027 is 22.6898 mills. Each mill generates approximately $ 3.7 million for the school district. The final budget also reflects the following:

• Increased personnel costs

■ Salary and benefit costs comprise more than 70 % of the budget.

■ Insurance premium increases

◆ 8.3 % for medical coverage

◆ 3 % for dental coverage

• Public School Employees’ Retirement System( PSERS) employer contribution rate set at 33.59 % for 2026-2027

■ This accounts for 14 % of the overall budget. The state reimburses the district 50 % of the costs.

• 3.1 % tax increase

■ Represents low increases in real estate values due to real estate appeals and low increases in proposed state funding

◆ Basic Education Subsidy – 1.7 % increase

◆ Special Education Subsidy – 1.3 % increase

• Transfer of $ 1,937,418 to capital projects fund

■ The funds will support future capital project costs as part of the district’ s multiphase capital projects plan. ox Chapel Area

FOX CHAPEL AREA SCHOOL NEWS

Breakdown of Revenues

Breakdown of Expenditures

Instruction( 59.21 %)	$ 74,298,137
Support Services( 29.64 %)	$ 37,197,153
Debt Service( 4.90 %)	$ 6,152,908
Non-Instruction( 2.65 %)	$ 3,327,773
Fund Transfer( 1.54 %)	$ 1,937,418
Facilities( 0.86 %)	$ 1,076,265
Budgetary Reserve( 1.20 %)	$ 1,500,000
Total Expenditures	$ 125,489,654
Percentages are approximate due to rounding

12 FOX CHAPEL AREA