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Great Valley board narrows preliminary millage options; staff to return April 21 with 3.75% baseline
Summary
At an April 7 work session the Great Valley School District board and finance staff discussed preliminary budget options, a contingency for possible federal funding losses, and staffing additions. Board members signaled support for a 3.75% millage submission to the state as a starting point for the April 21 meeting.
Mrs. McGibbony, who led the finance presentation, told the board at the April 7 work session that the finance committee had reviewed three preliminary tax-rate scenarios and asked the five attending board members to indicate which rate to place on the April 21 agenda for the district’s preliminary budget resolution.
The board heard that the district is considering preliminary millage increases of 3.25%, 3.5% and 4.0%. McGibbony said a 4.0% proposal would include seven of nine recommended new staff positions plus a larger contingency line; a 3.5% option would fund fewer positions and a smaller contingency; and 3.25% would fund still fewer positions but produce small year-one and year-two deficits before projected surpluses in later years.
The discussion mattered because the board must submit a preliminary rate and backup paperwork to the Pennsylvania Department of Education (PDE) and post the preliminary budget for public inspection. McGibbony said…
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