The Greencastle-Antrim School Board approved a preliminary 2018-19 budget earlier this month that does not include a tax increase — or any additional staff positions.

Dr. Jolinda "JC" Wilson presented an overview of the numbers at Thursday's work session and said she may offer several versions of the budget for the board to consider for final approval on June 7.

The preliminary budget shows projected revenues of $39,451,360 — $339,721 lower than expenditures of $39,791,081. In addition, Wilson proposes transferring $745,960 to the capital reserve fund for future projects. That is the same amount that the district's debt service is expected to drop next year. The transfer would put the deficit in the working budget at $1,085,681.

The figures do not include a reading specialist, $100,000; middle school assistant principal, $30,000; or raises for the 107 members of the support staff, $100,000. Those additional expenses total $230,000, slightly higher than the $200,000 generated by 1 mill in property taxes.

The last two years, the district has raised the mill rate by the maximum amount allowed by the state, for a total increase of $156 for the average property owner whose home has a market value of $178,000. This year, the index level is 3.4 mills and the tax rate currently is 109.84 mills.

Wilson said she used more aggressive revenue projections for the next school year. The numbers include an anticipated $88,170 increase in basic education funding and $27,983 special education funding from the state.

The expenditure side has a $313,534 increase for salary and benefit increases for the Greencastle-Antrim Education Association, the teachers union; an increase of $140,000 in payments to the PSERs state retirement system; and increases in Franklin County Career and Technology Center tuition and transportation expenses.

Broken down by percentages, about 76 percent of the budget is for salaries and benefits; 5 percent for debt service; 6 percent for special education; 3 percent for maintenance; and about 10 percent for everything else.