Concerning Financial Facts about PASD

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Did you know ….

• Palmyra Taxpayers spent 40.9 million dollars last year to fund PASD

  • But PASD spent over 67 million last year – oops!

    • Over 25 million had to come from other sources that are beyond local control, and unreliable, just to keep up the current operational status quo

 

• Palmyra Taxpayers are currently on the hook for 8.2 million a year in debt payments alone just to cover our current debt

  • That’s about $900 a year - per taxpayer just in debt payments

    • Almost 25% of your taxes are needed this year just to cover our current school debt – And they want to add more!

 

• The Teachers contract and other instruction cost taxpayers 35.4 million last year

  • Contract renewal is coming up 25/26??

    • Typically, 3% salary raise each year

      • Within the next 5 years instruction alone could cost over 40 million

      • With a total operational cost of over 75 million

                                                             All before Renovations

 

The Money is not there to support significant additional debt in PASD

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                                                                 STOP THE SPEND!