2019-2020 Budget Summary
On June 10, 2019, the T/E School Board approved the 2019-2020 Final Budget with a vote of 7-2. In the 2019-2020 school year, the T/E School District will serve over 7,000 students with an approved authorized budget of $153,658,447. The deficit budget was balanced with a fund balance contribution of over $2.2 million and included $4.0 million for unexpected expenses. The 2019-2020 anticipated spending of $149,658,447 reflects a 5.1% increase over last year’s projected spending. The 2019-2020 budget includes a property tax rate increase of 3.91% or $229 on the average assessed home in T/E. The total property tax millage for 2019-2020 is 23.8795 mills. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of $186 on their 2019 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.
2020-2021 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2020-2021 budget on the following dates:
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.