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School Board Adopts 2019-2020 Final Budget

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.

The School Board employed several strategies as they worked to close the $11.75 million gap between projected revenue and anticipated spending: expense reductions, increased property taxes, new fees and fund balance contribution.  In total, budgeted expenditures were cut by $5.17 million by implementing strategies of departmental budget reductions, maintaining the 2018-2019 core class size increase by one in grades K-8, limiting high school staffing levels, reducing costs in employee healthcare and printing, and by eliminating new non-mandated positions in school security, clerical support and elementary mental health counseling. In addition to adjusting revenue and expense budget assumptions, $1.2 million earmarked for capital expenditures was moved from the operational budget to contingency.

For detailed information on the 2019-2020 budget, visit the T/E School District website at www.tesd.net/budget. Any further public comments regarding the budget may be submitted to Arthur J. McDonnell, Business Manager, at mcdonnella@tesd.net or to the T/E School Board at schoolboard@tesd.net.

 

Click here for a list of 2019-2020 budget documents.