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District finance staff warn of property-assessment losses; final budget adoption set for May 27
Summary
Superintendent and district finance staff told the board the district’s preliminary proposed budget was approved previously and that the final budget will be adopted on May 27; officials described assessment declines, refund payments and limited state funding increases that together reduce available revenue.
Gateway School District officials provided a budget update during the meeting, saying the board previously voted a preliminary proposed budget and will adopt the final budget on May 27.
Superintendent Dr. Chaney (first name not provided) told the board that Pennsylvania’s school funding ranks low nationally and that the district did not qualify for state adequacy-gap or tax-equity funding. “We had the preliminary proposed budget that we voted on last week and that was not final. Final budget will be…
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