2015-2016 Budget Summary
On June 15, 2015 the T/E School Board approved the final budget for the 2015-2016 school year in the amount of $125,874,161. The final budget includes a tax rate increase of approximately 3.81% or $194 on the average assessed house in T/E. The budgeted imbalance of nearly $5.3 million is addressed through property tax increases from the Act 1 index at 1.9% and approved referendum exceptions at 1.91% as well as a $1.6 million contribution from the District reserves. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of $180.69 on their 2015 property tax bills from state allocated gaming revenue.
The School Board Finance Committee will meet to discuss the 2016-2017 budget on the following dates:
December 15, 2015 - 7:30 pm
January 4, 2016 Special School Board Meeting - 7:30 pm at CHS
March 8, 2016 Budget Workshop I - 7:30 pm at CHS
April 12, 2016 Budget Workshop II - 7:30 pm at CHS
All meetings will be held at 7:00 pm in the Tredyffrin/Easttown School District Administration Offices (TEAO) at 940 West Valley Road, Suite 1700 in Wayne unless otherwise indicated. The meeting location is subject to change, so please check the web site often.
A chart of 2016-2017 budget development documents is available on the TESD web site. The T/E School Board encourages public participation throughout the budget development process. Public comments regarding the budget may be submitted to Arthur J. McDonnell, Business Manager or to the T/E School Board.