The State College Area school board at its meeting on Monday approved the 2017-2018 budget.
The budget includes $150,229,781 in revenue and $152,122,249 in expenses.
The revenue reflects about a 4 percent increase from last year’s budget; the expenses increase by about 3 percent.
Homeowners in the district will have a real estate tax increase of 1.55 percent, which is the district’s smallest increase since the 2007-2008 school year. The millage is 44.15, which is an increase of .67.
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The tax increase equates to an additional $49 per year for residential homeowners with an assessed property value of $72,239.
The budget funds the addition of an elementary principal for Ferguson Township Elementary School, which has been sharing a principal with Corl Street Elementary. The budget also funds a psychologist for gifted and learning evaluations; an additional information technology systems programmer; development of an international baccalaureate programme and hybrid or online curriculum developers.
The district will receive about 81 percent of its revenue from local sources, such as property tax, and the remaining budget gap will be filled by state funding.