At its meeting Wednesday night, the Spring Grove School Board approved advertising its preliminary budget -- a budget that has a projected shortfall of $7,246,223.
Projected revenues come in at $55,772,394, but projected expenditures are $63,018,617, according to a presentation by business manager George Ioannidis.
The preliminary budget calls for the district to apply to exceed the Act 1 index of 2.1 percent, Ioannidis said, but added that the district has applied for that exception for the last four years and only used it once.
Currently, the district's millage rate is 20.0832 mills. A mill is equal to $1 for every $1,000 of assessed property value. That means, for a house assessed at $100,000, the tax bill for the school district would be just over $2,000.
The average mill in the Spring Grove district generates about $1.5 million, Ioannidis said.
Some of the biggest expenses looming for the district include a 4.12 percent increase in salaries and benefits, a PSERS rate increase to 17 percent from 12.19 percent, health care increase of 7 percent, and an anticipated 5 percent increase in fuel.
The preliminary budget will be voted on at the Feb. 20 board meeting. It must be adopted in final form by May 31.