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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, funded by 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 exceeding the Act 1 index of 4%. 

The $11 million deficit in the 2025-26 operational budget was balanced through a combination of expenditure reductions, existing reserves, and a 4.66% increase in the property tax rate, 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.

Current Fiscal Year General Fund Budget (PDE Form 2028)


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.
 

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 may change, so please check the website regularly. 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.