There are so many threads on this already. I would suggest that since you are new to the forum that you read as much of you can of the Drum Gear section and the Your place section and you will find many opinions and suggestions as to what is new and practical within your budget. Happy reading.
Keep your eyes open for some good deals on a Mapex M Birch. Mapex has introduced the Meridian birch this year, so you might find some good deals on an M Birch in your price range. and Mapex makes a good kit.