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North Penn board adopts $338.7 million budget, approves plans for long-term facilities work
Summary
The North Penn School District board approved a $338,735,000 final budget for fiscal 2025‑26, raised taxes to the Act 1 index and discussed long-term capital work including a high‑school project; board members said the decisions aim to protect the district’s credit rating and fund aging facilities.
The North Penn School District Board of Directors on June 18 approved a $338,735,000 final budget for fiscal year 2025–26 and voted to set taxes up to the full Act 1 index to balance the budget and fund long‑term facilities needs.
The action, moved and seconded during the meeting and approved by voice vote, included the district’s PDE 2028 budget filing and related tax and homestead/farmstead resolutions. Board members said the tax action is intended to limit borrowing and protect the district’s Moody’s credit rating while building resources for a planned high‑school project.
Board President (Board President) said the board was “raising taxes to maximize, to the maximum allowed under the Act 1 index…
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