At its regular meeting on April 24, 2023, the Tredyffrin/Easttown School Board took the next step in the State-mandated budget development process with the approval of the 2023-2024 Proposed Final Budget. The School Board and Administration will continue to work to close the projected operating deficit of $8.2 million between now and final budget approval in June 2023.

The 2023-2024 Proposed Final Budget includes $172,037,789 in revenue, $5,838,431 in fund balance transfers and $177,876,220 for appropriations on a tentative basis. The final property tax rate will not be set until the June Board meeting. Some of the items included in the development of the operating budget are the first year of the new Tredyffrin Easttown Education Association Collective Bargaining Agreement, a $6 million capital funds transfer, increases in employee healthcare costs, a reduction in the state transportation subsidy, ESSER grant funds, and various staffing additions.  

The development of the 2023-2024 budget will continue to be discussed at the upcoming May 8, 2023 Finance Committee meeting at 7:00 p.m. at the Tredyffrin/Easttown Administration Offices.

The 2023-2024 Final Budget and property tax rate will not be set until the June 12 regular Board meeting. 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 web site at www.tesd.net. In addition, public comments may be submitted to Arthur J. McDonnell, Business Manager, at mcdonnella@tesd.net or to the T/E School Board at schoolboard@tesd.net.