Through an ongoing analysis of past income sources, while also taking a look at trends in the economy and government funding streams, Parkland School District Business Manager John Vignone projects a $6,008,740 increase in revenue for 2014-15.

Although significant gains are forecast in some areas, other items will probably decrease.

"Real estate revenue is trending positive in the short term, but the long term is less predictable," Vignone said at the Jan. 22 board meeting.

He anticipates receiving $4,177,429 more from real estate taxes in the 2014-15 term, compared to the previous year.

If that occurs, Parkland will have $103,407,820 from real estate taxes to apply to the budget.

Vignone foresees an increase of $200,000 in earned income tax, the result of new jobs in the district.

"This is trending positive, however, the overall economy may not be as strong as reported," Vignone explained.

Parkland expects to receive $100,000 from the state in reimbursement toward the Jaindl Elementary School, a request submitted four years ago.

Vignone expects $1,794,696 from the state for some reimbursement of Social Security and the PA School Employees Retirement System, a $1.8 million increase over the previous year.

On the down side, Vignone projects a decrease of $66,500 from the state for transportation expenses.

"Parkland School District maxed out of the reimbursement formula and must concentrate on reducing expenditures in this area," Vignone said.

Additonal categories with declining revenue include tuition from the state for court-placed children (-$24,324); tuition receipts (-$67,864); and interest on investments (-36,949).

Although funding for the ACCESS program appears stable, other federal payments such as money for Titles I, II, and III are expected to decline by $63,415.

Taking the projected increases and decreases into consideration Vignone forecasts $145,594,689 in revenue for 2014-15, compared to $139,585,949 in 2013-14.

Because of the additional funds coming in, the school district will not increase its tax at a rate that exceeds the 2.1 percent index calculated by the state Department of Education.

The maximum millage rate under the 2.1 percent index would be 14.12, a 0.29-mill increase over the 2013-14 rate.