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Committee reviews proposed 2025–26 budget, fund balance and revenue trends
Summary
The Finance & Facilities Committee reviewed the district’s proposed final 2025–26 budget, noting only a modest state funding increase, reliance on fund balance, continued reassessment impacts on the local tax base and several options for longer‑term fiscal planning.
The Haverford Township SD Finance & Facilities Committee reviewed the proposed final budget for 2025–26 and routine financial reports, including revenue-collection and expenditure-tracking as of March.
The discussion matters because the committee must recommend a final budget for board adoption and because the district faces structural pressures from tax-assessment trends and rising costs in core services.
Staff said the state funding picture had not materially changed since the proposed budget was approved; the district expects roughly an additional just over $100,000 from state sources compared with the current fiscal year. Committee members asked for clarification of the remaining budget gap; participants gave differing figure references during the discussion, and staff did not present a single consolidated gap figure in the committee…
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