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School Board Adopts 2017-2018 Preliminary Budget

At its regular meeting on January 23, 2017, the Tredyffrin/Easttown Board of School Directors voted 9-0 to adopt the 2017-2018 preliminary budget. State law requires all public school districts to adopt a preliminary budget if the school district wishes to explore the option of a tax increase that could include revenue from referendum exceptions to the Act 1 Index. At this time, the District has a preliminary budgeted imbalance of approximately $5.36 million. To close the budget gap, the preliminary budget includes estimated property tax revenues from the Act 1 index of 2.5% and referendum exceptions of .935% for total possible tax rate of approximately 3.435%. The preliminary budget does not set the property tax rate for next year. The final property tax rate for the 2017-2018 school year will be set at the June Board meeting after a series of public meetings and budget workshops.

The budget will be on the agenda at the upcoming February 14, 2017 Finance Committee meeting at 7:00 p.m. in the T/E School District Administration Offices. The Board will also hold Budget Workshops on March 13, 2017 and April 17, 2017 at 7:30 p.m. at Conestoga High School. The T/E School Board and administration will continue to work towards closing the budget gap and setting the final tax rate between now and final budget approval in June 2017. The T/E School Board encourages public participation during the budget development process so that the budget reflects the input of joint stakeholders. All School Board committee meetings are open to the public and have public comment periods. Meeting dates and agendas are available on the T/E School District website. In addition, public comments may be submitted to Arthur J. McDonnell, Business Manager, or to the T/E School Board.

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