This is a reminder that the T/E School Board will be voting on the 2010-11 proposed final budget at its regular meeting this Monday, May 10 at 7:30 PM, Conestoga HS; here is the agenda. The T/E School Board Finance Committee met on May 3 to discuss the 2010-11 budget. After discussing the tax rate and selected budget strategies, the Committee recommended a preliminary budget that included a tax increase of 2.9%, which results in $2.5 million in revenue, $5.3 million in expense reductions and $1.3 million in fund balance contribution to address the $9.25 million gap between revenues and expenditures. This meeting is one of the few remaining opportunities for the public to weigh in on the mix of program cuts, tax increase, expense increases and reductions, user fee increases and fund balance use that are being proposed to balance the 2010-11 budget. The proposed tax increase is 0.5 mills, and cost the homeowner an average of $128. The final adoption of the budget will be on June 14.
I hate to be repetitive, but much like Tredyffrin Township’s 2010 budget, the 2010-11 TESD budget will squeak by, with minimal effect to the taxpayer. The greater, more significant problem will occur with the township’s 2011 budget and the school district’s 2011-12 budget. During the next 6 months, it is doubtful that the economic climate in the country will dramatically improve, so hard decisions await.