Budget Summary
At its regular meeting on June 9, 2025, the T/E School Board approved the 2025-26 Final Budget of $196.4 million, which is funded with projected revenue of $190.3 million and a $6.1 million commitment of reserves. In February, the District filed for and was approved for a referendum exception for special education expenditures in excess of the Act 1 index of 4%.
The $11 million deficit in the 2025-26 operational budget was balanced with a combination of expenditure reductions, existing reserves, and a property tax rate increase of 4.66% or $350 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $344 on their 2025 property tax bills from state gaming fund revenue.
The School Board approved a $6 million capital fund transfer in next year’s operating budget as part of an overall strategy to fund future infrastructure projects, the athletic fields complex currently under construction, and the upcoming Bear Hill Elementary School construction project. Increasing capital funds for current and future projects will minimize reliance on long-term debt and lower debt service payments in future operating budgets.
For additional information about the 2025-26 budget, please see the TESD Annual Update newsletter.
Click here for PDE 2028: General Fund Budget.
2026-27 Budget Development
The School Board Finance Committee will meet on the following dates to discuss the 2026-27 budget. Meetings will be held at the Tredyffrin/Easttown Administration Offices unless otherwise noted.
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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 website 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.