School Board Adopts 2024-2025 Preliminary Budget
At the Regular School Board meeting on January 22, 2024, the Tredyffrin/Easttown Board of School Directors adopted the 2024-2025 Preliminary Budget. The Board has also authorized the District to publish notice of the intent to file for referendum exceptions to the Act 1 index of 5.3%. The deadline to file for those exceptions is February 8, 2024.
The 2024-2025 budget presented on January 22, 2024 shows a $ 11.5M budgeted operational deficit that the Board and administration will work to close through a combination of increases in the property tax rate, expenditures reductions and the use of existing reserves. The Board will not vote on a property tax rate for the 2024-2025 year until its June 10, 2024 meeting.
The next opportunity for discussion of the 2024-2025 budget will be at the upcoming February 12, 2024 Finance Committee meeting at 7:00 pm at the Tredyffrin/Easttown Administration Offices. The meeting will be recorded and will be available on the TESD website. The Board will also hold two Budget Workshops on March 11, 2024 and April 8, 2024 immediately following the Finance Committee Meetings at 7:00 pm at Conestoga High School. Additional budget development information is available in the budget section of the District website at www.tesd.net/budget.
The Board will continue to deliberate the budget and property tax rate for next year until final 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.