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North Penn finance committee narrows focus to Act 1 index, recommends moving preliminary budget to May 15 action agenda
Summary
Finance staff presented a 2025–26 budget with an $8–18 million year-over-year increase depending on a $10 million transfer to capital; committee members favored using the Act 1 index (4%) as the working tax-rate scenario and asked staff for refined tax-rate scenarios for final consideration.
The North Penn School District Finance Committee discussed the 2025–26 preliminary budget and asked staff to bring refined tax-rate scenarios to the May 15 action meeting.
Finance director Mr. Linderman presented the draft 2025–26 budget, saying the working budget totals $348,735,000 including a $10,000,000 transfer to the capital projects fund and represents an 8.15% increase year over year (about 5% excluding the capital transfer). He said the district must provide direction on the tax rate so staff can present a proposed-final budget by May 15 and a final budget in June.
The committee heard that the Act 1 index for the coming year is 4%, and staff recommended considering that figure to help cover debt anticipated for the district’s…
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