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Pennridge finance committee reviews Act 1 index, shortfalls and budget pressures for 2026-27
Summary
Committee received an overview of the Act 1 index (3.5% for 2026-27), assessed-value growth, volatile state funding and staffing cost pressures. Officials said Act 1 at 3.5% would raise about $3.21 million at current assessed values but warned state funding and earned-income-tax trends reduce revenue growth overall.
Finance staff briefed the committee Oct. 13 on the Act 1 index for the 2026-27 budget and related revenue pressures. The Pennsylvania Act 1 index for 2026-27 was certified at 3.5 percent; using the district’s current tax base and a 140 mills starting point, staff said that a 3.5 percent Act 1 increase would be equivalent to raising the rate to about 145 mills and would generate roughly $3,210,000 under current assessed values.
Sean (finance presenter) and other staff outlined three converging revenue pressures: slowed assessed-value growth, declining or variable earned-income-tax (EIT) receipts and uncertainty in state education funding. Staff reported the district’s current assessed value at roughly $672,916,760;…
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