At its regular meeting on June 12, 2023, the T/E School Board approved the 2023-2024 Final Budget that authorizes $177,568,056 in spending supported by $171,212,585 in revenue and $6,355,471 of fund balance allocation. The $6.9 million deficit in the 2023-2024 operational budget was balanced with a fund balance contribution of $2.3 million and a property tax rate increase of 3.5% or $235 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $243 on their 2023 property tax bills from state gaming fund revenue.
For additional information about the 2023-2024 budget, please see the TESD Annual Update newsletter.
Click here for PDE 2028: General Fund Budget.
2023-2024 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2023-2024 budget:
September 12, 2022 7:00 pm October 10, 2022 7:00 pm November 7, 2022 7:00 pm December 12, 2022 7:00 pm Janaury 9, 2023 7:00 pm February 6, 2023 7:00 pm March 13, 2023 at CHS 7:00 pm April 10, 2023 at CHS 7:00 pm May 8, 2023 7:00 pm May 31, 2023 6:00 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 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.