Tredyffrin‑Easttown board approves proposed final 2024–25 budget resolution, schedule set for June final vote
April 29, 2024 | Tredyffrin-Easttown SD, School Districts, Pennsylvania
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The Tredyffrin‑Easttown School Board on April 29 approved a resolution to place the proposed final 2024–25 budget on public display ahead of a June 10 final adoption vote. Business manager Art Macdonald told the board the proposal projects revenue of about $181,700,000 and appropriations of about $185,700,000, with a fund‑balance commitment used to cover an operational shortfall.
Macdonald said the district expects to display the proposed final budget in the third week of May, publish the public‑notice period required by state rules and return to the board for potential revisions before the June 10 meeting, when the board will adopt a final, balanced budget for submission to the state by June 30. He reviewed the timeline for committee and board meetings (finance committee May 13, tentative May 28 and June 6 work sessions) that could change the proposal before final adoption.
On the numbers, Macdonald described several adjustments since the budget workshop, including reductions in technology and net savings from updated health‑care assumptions; the packet shows revenue of roughly $181.7 million and appropriations of roughly $185.7 million. To balance the submission to the state, the resolution identifies a fund‑balance commitment (about $4,050,634) composed of an operational deficit portion (roughly $1,052,000) plus a $3,000,000 contingency line. Macdonald emphasized the proposed‑final status of the resolution and said changes remain possible between now and the June 10 final vote.
Macdonald also summarized tax‑rate scenarios under Pennsylvania Act 1: an "untreated" deficit of about $9.6 million would fall to roughly $2.4 million under the Act 1 index, and inclusion of a special‑education exception would reduce the operational deficit to just above $1 million. He reviewed historical equalized millage comparisons, the district position at about 84 percent of the state metric and the tax impact of small rate changes (10 basis points ≈ $135,000).
Following the presentation the board held a roll‑call vote on the proposed final budget resolution. The motion passed by roll call 9–0. The board will place the proposal on display and accept public comment during the required notice period before final adoption on June 10.
Macdonald said the district expects to display the proposed final budget in the third week of May, publish the public‑notice period required by state rules and return to the board for potential revisions before the June 10 meeting, when the board will adopt a final, balanced budget for submission to the state by June 30. He reviewed the timeline for committee and board meetings (finance committee May 13, tentative May 28 and June 6 work sessions) that could change the proposal before final adoption.
On the numbers, Macdonald described several adjustments since the budget workshop, including reductions in technology and net savings from updated health‑care assumptions; the packet shows revenue of roughly $181.7 million and appropriations of roughly $185.7 million. To balance the submission to the state, the resolution identifies a fund‑balance commitment (about $4,050,634) composed of an operational deficit portion (roughly $1,052,000) plus a $3,000,000 contingency line. Macdonald emphasized the proposed‑final status of the resolution and said changes remain possible between now and the June 10 final vote.
Macdonald also summarized tax‑rate scenarios under Pennsylvania Act 1: an "untreated" deficit of about $9.6 million would fall to roughly $2.4 million under the Act 1 index, and inclusion of a special‑education exception would reduce the operational deficit to just above $1 million. He reviewed historical equalized millage comparisons, the district position at about 84 percent of the state metric and the tax impact of small rate changes (10 basis points ≈ $135,000).
Following the presentation the board held a roll‑call vote on the proposed final budget resolution. The motion passed by roll call 9–0. The board will place the proposal on display and accept public comment during the required notice period before final adoption on June 10.
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