2020-2021 Budget Summary
On June 8, 2020, the T/E School Board approved the 2020-2021 Final Budget with a vote of 7-2. In the 2020-2021 school year, the T/E School District will serve over 7,000 students with an approved authorized budget of $157,454,765. The 2020-2021 Final Budget authorizes $157,454,765 in spending supported by $149,531,339 in revenue and $7,923,426 of reserves.
The $7.7 million deficit in the 2020-2021 operational budget was balanced with a fund balance contribution of $2.2 million, approximately $1.2 million in expense reduction strategies and a property tax rate increase of 2.6% or $162 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of $188 on their 2020 property tax bills from state gaming fund revenue. In response to the impact of the pandemic on T/E families, the Board approved waiving the penalty on property tax bills paid in the months of November and December, by effectively extending the face period until December 31, 2020.
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
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.