2020-2021 Budget Summary
On June 14, 2021, the T/E School Board approved the 2021-2022 Final Budget with a vote of 7-2. In the 2021-2022 school year, the T/E School District will serve over 7,000 students with a final budget that authorizes $163,233,551 in spending supported by $152,362,871 in revenue and $10,870,680 in fund balance allocation.
The $13.3 million budgeted operational deficit was balanced with a fund balance contribution of $3.9 million, approximately $6.4 million in expense reduction strategies and a property tax rate increase of 2.5% or $157 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $188 on their 2021 property tax bills from state gaming fund revenue.
2021-2022 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2021-2022 budget:
January 11, 2021 7:00 pm February 8, 2021 7:00 pm March 8, 2021 7:00 pm April 12, 2021 7:00 pm May 10, 2021 7:00 pm June 7, 2021 7:00 pm June 14, 2021 7:30 pm
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. 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.