2018-2019 Budget SummaryOn June 11, 2018, the T/E School Board unanimously approved the 2018-2019 Final Budget. In the 2018-2019 school year, the T/E School District will serve over 6,900 students with an approved authorized budget of $146,038,639. The budget amount is comprised of $142,338,639 in anticipated operational spending and $3,700,000 for unexpected expenses. The 2018-2019 anticipated spending of $142,338,639 reflects a 3.5% increase over last year’s projected spending. The 2018-2019 budget includes a property tax rate increase of 2.42% or $139 on the average assessed home in T/E. The total property tax rate for 2018-2019 is 22.981 mills. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of $185 on their 2018 property tax bills from state gaming fund revenue.
For more information on the budget and District accomplishments for the 2017-2018 school year, read the TESD Annual Update.
Click here for PDE2028 General Fund Budget.
2019-2010 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2019-2010 budget on the following dates:
Thursday, September 13, 2018
Tuesday, October 9, 2018
Monday, November 12, 2018
Monday, December 10, 2018
Monday, January 14, 2019
Additional dates to be added in January 2019.
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.