The William Penn School District Board of Directors on May 26 reviewed a proposed final budget and the possibility of a tax and revenue anticipation note if a budget is not adopted by the statutory deadline.
Budget and finance chair Miss Jennifer Halls read the committee items, including a motion text recorded in the transcript as: “motion to adopt the William Penn School District 2627 proposed final budget totaling 149XX million in accordance with section 687 of the Pennsylvania school code.” The transcript does not supply a fully specified dollar amount (the amount appears in the record as “149XX million”).
Halls also listed the treasurer's report and the list of bills as part of the committee packet and noted E4, the tax and revenue anticipation note (TR). A board member clarified on the record that a TR would be used if the district does not have an adopted budget by June 30, identifying that procedural risk and the need to plan for interim financing.
The transcript records no formal vote on the budget motion during this session. The board scheduled retiree recognition and other committee items for future business; no further budget action or amendments were recorded. The board did not detail the budget's revenue assumptions or program-level allocations on the record in this transcript.
Next steps: the June 30 statutory deadline for adopting a budget was cited; the board acknowledged the TR as a contingency measure. The transcript does not record a date for a final vote or additional budget hearings.