T/E School Board: Adopts $166.6M Budget, Calling For 2.9% Tax Hike

TREDYFFRIN/EASTTOWN —Tredyffrin/Easttown school board voted Monday night 8 to 1 to adopt a $166.6 million school budget for the 2022-2023 school year, calling for a 2.9 percent property tax increase.

The tax increase translates into a $190 increase in taxes for the average taxpayer with a home assessed at $256,655.

The average tax bill amounts to $6,396.

The millage increase is .7408 from the previous years. The tax rate is $25.85 pre $1,000 of assessed property value.

The district has 6,957 students and covers Tredyffrin and Easttown townships. Niche.com ranked Tredyffrin-Easttown School District as #2 in the state.

Michele Burger, board member, voted against approving the budget, noting the state has a seven billion surplus that should be allocated to schools.

The board also unanimously voted to approve the state allocation in the Homestead Act, which is funding for schools from the state gambling proceeds.

A total of 11,042 property owners will receive a $240 tax reduction each, according to Arthur J. McDonnell, business manager.

The budget includes $4 million for capital improvement projects, which includes improvements to athletic facilities.