Tredyffrin/Easttown

Budget Summary 

At its regular meeting on June 10, 2024, the T/E School Board approved the 2024-25 Final Budget that authorizes $185,722,336 in spending supported by $181,113,505 in revenue and $4,608,831 from reserves. The largest part of the $9.5 million budgeted deficit in the 2024-25 operational budget was balanced with a property tax rate increase of 5.9% or $415 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $303 on their 2024 property tax bills from state gaming fund revenue. This reduction increased by $60 over last year’s tax reduction amount.

For additional information about the 2024-25 budget, please see the TESD Annual Update newsletter.

Click here for PDE 2028: General Fund Budget.

 

The School Board Finance Committee will meet to discuss the 2025-26 budget:

September 9, 2024 7:00pm October 7, 2024 7:00pm November 18, 2024 7:00pm December 9, 2024 7:00pm January 13. 2025 7:00pm February 10, 2025 7:00pm March 10, 2025 at CHS 7:00pm April 7, 2025 at CHS 7:00pm May 12, 2025 7:00pm June 5, 2025 7:00pm

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.