The Tredyffrin/Easttown School Board voted to adopt a $185.7 million proposed final budget for 2024-2025. The budget proposal would increase the property tax rate by about 6.3% from the current 26.7585 mills to 28.4472, according to the April 29 school board agenda packet. The district successfully filed for state approval to exceed its Act 1 cap of a 5.3% tax increase, citing significant special education expenditures and retirement contributions. The board and administration are working to close a $9.6 million budgeted operational deficit through a combination of the property tax rate increase, expenditure reductions and the use of existing reserves. The board will vote on the final budget at a meeting on Monday, June 10.
Source: Tredyffrin/Easttown Patch; 5/8/2024