A preliminary general fund budget for the upcoming fiscal year has been approved by the Altoona Area School Board. Now one big question lingers… will there be a tax increase to pay for it? Revenue and expenses are close this time around. Projected revenue for the upcoming year is $116.1 million, and expenditures are expected to be $116.8 million. Both are large jumps from this year’s figures. One big difference is that there will be about $11 million more this year from the federal government as a result of COVID.