Preliminary TESD Budget Has 5.96 Percent Property Tax Rate

BERWYN, PA — The Tredyffrin/Easttown Board of School Directors recently voted to move ahead with the next academic year's budget, which includes a nearly 6 percent property tax rate.

Officials OKed the preliminary budget on Jan. 28.

The district has a preliminary budgeted imbalance of about $11 million, according to the district.

With that in mind, the preliminary budget includes estimated property tax revenues from the Act 1 index of 2.3 percent and referendum exceptions of 3.66 percent.

The total tax rate would be 5.96 percent withe the Act 1 index and exceptions taken into consideration.

The final property tax rate for the 2019-2020 school year will be set at the June Board meeting after a series of public meetings and budget workshops.

The budget will be on the agenda at the upcoming Feb. 11, 2019 Finance Committee meeting at 7 p.m. in the T/E School District Administration Offices.

Additionally, the Board will also hold Budget Workshops on March 11 and April 8 at 7:30 p.m. at Conestoga High School.

The approval of the preliminary budget is not a final decision on the 2019-2020 budget. With this approval, the board will authorize the administration to seek referendum exceptions to the Act 1 index. 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 at online here.

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.

Image via Shutterstock