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Cheltenham committee reviews Act 1 opt‑out timeline and state tax equity supplement application worth $1.1 million
Summary
Committee discussed filing an Act 1 opt‑out resolution and a required board resolution for a state tax equity supplement (Ready to Learn block grant) of about $1.1 million that the district plans to use to mitigate millage increases.
Cheltenham School District staff told the Financial Affairs Committee on Dec. 10 that the district plans to file an Act 1 opt‑out notification and to attach a board resolution to its application for a state tax equity supplement, a one‑time allocation staff estimated at about $1,100,000 for the district.
Under Pennsylvania’s Act 1 process, districts must notify the state by the Department of Education deadline whether they intend to raise rates beyond the Act 1 index. Staff said the district’s current Act 1…
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