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T/E School Board Authorizes the Administration to Display 2017-2018 Preliminary Budget Proposal

The Tredyffrin/Easttown Board of School Directors held a special meeting on January 3, 2017, and voted 9-0 to authorize the Administration to display a 2017-2018 preliminary budget proposal that includes tax revenue from a property tax rate increase of 3.435% to close the projected operating deficit of approximately $5.36 million. The property tax rate increase proposed consists of 2.5% from the legislated Act 1 index and .935% projected from referendum exceptions.

The Board authorized the administration to provide public notice that the Board will consider adoption of the 2017-2018 preliminary budget at its regular meeting on January 23, 2017 and to publish notice of the Board’s intent to file for referendum exceptions with the PA Department of Education. The 2017-2018 proposed preliminary budget is available for inspection at the T/E School District Administration Offices. The development of the 2017-2018 budget will be discussed at the upcoming January 17, 2017 Finance Committee meeting at 7:00 p.m. in the T/E School District Administration Offices.

The T/E School Board and administration will continue to work towards balancing the budget and determining a final tax rate between now and final budget approval in June 2017. The T/E School Board encourages public participation during the budget development process and endeavors to reflect the input of joint stakeholders. All School Board committee meetings are open to the public and have public comment periods. Meeting dates and agendas are available on the T/E School District website. In addition, public comments may be submitted to Arthur J. McDonnell, Business Manager or to the T/E School Board.

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