School Board Authorizes Administration to Display 2019-2020 Preliminary Budget Proposal
At its meeting on January 2, 2019, The Tredyffrin/Easttown Board of School Directors voted 8-1 to authorize the Administration to display a 2019-2020 preliminary budget proposal that includes tax revenue from a property tax rate increase of 5.96% to close the projected operating deficit of approximately $11 million. The property tax rate increase proposed consists of 2.3% from the legislated Act 1 index and 3.66% projected from referendum exceptions.
The Board authorized the administration to provide public notice that the Board will consider adoption of the 2019-2020 preliminary budget at its regular meeting on January 28, 2019 and to publish notice of the Board's intent to file for referendum exceptions with the PA Department of Education. The 2019-2020 proposed preliminary budget is available for inspection at the T/E School District Administration Offices. The development of the 2019-2020 budget will be discussed at the upcoming January 14, 2019 Finance Committee meeting at 7:00 p.m. in the T/E School District Administration Offices, 940 West Valley Road, Suite 1700 in Wayne.
A preliminary budget approval is not a final decision on the 2019-2020 budget. An approval will authorize the District to seek a tax increase up to 5.96%. The Board will continue to deliberate the final budget and tax rate until adoption in June. The T/E School Board encourages public participation during the budget development process and endeavors to reflect 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.