2017-2018 Budget SummaryOn June 12, 2017, the T/E School Board unanimously approved the 2017-2018 Final Budget. In the 2017-2018 school year, the T/E School District will serve over 6,700 students with an approved authorized budget of $141,671,732. The budget amount is comprised of $137,418,232 in anticipated operational spending and $4,253,500 for contingencies. The 2017-2018 anticipated spending of $137,418,232 reflects an increase of about 6% over last year’s projected spending of $129 million. The 2017-2018 budget includes a property tax rate increase of 3.2% or $178 on the average assessed home in T/E. The total property tax millage for 2017-2018 is 22.4381 mills. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of $184 on their 2017 property tax bills from state gaming fund revenue.
For more information on the budget and District accomplishments for the 2016-2017 school year, read the TESD Annual Update. A chart of 2017-2018 budget development documents is available on the TESD website.2018-2019 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2018-2019 budget on the following dates:September 12, 2017
October 10, 2017
November 6, 2017
December 5, 2017All 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.