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T/E School Board Approves 2022-2023 Final Budget

On June 13, 2022, the T/E School Board approved the 2022-2023 Final Budget. In the 2022-2023 school year, the T/E School District will serve over 7,000 students with a final budget that authorizes $166,643,058 in spending supported by $160,236,676 in revenue and $6,406,382 of reserves.

The $6 million deficit in the 2022-2023 operational budget was balanced with a fund balance contribution of $1.6 million and a property tax rate increase of 2.95% or $190 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $240 on their 2022 property tax bills from state gaming fund revenue.

In total, budgeted expenditures were reduced by implementing strategies of departmental and building-level budget reductions. In addition to adjusting revenue and expense budget assumptions, additional grant funds and state subsidies returning to pre-COVID levels helped to lessen the budget gap.

For detailed information on the 2022-2023 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.