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Great Valley Finance Committee reviews first look at 2025–26 budget; cautious revenue assumptions tied to Act 1 index
Summary
Finance Committee received a first-look 2025–26 budget presentation, including conservative real-estate valuation estimates, a possible millage increase tied to the Act 1 index, and calendar dates for preliminary and final budget adoption.
Sherry, staff member, told the Great Valley School District Finance Committee that the administration’s “first look” at the 2025–26 budget assumes conservative revenue estimates and follows the board’s October resolution to remain within the Act 1 index.
The presentation said the district is working with an October 31 snapshot of assessed real-estate values that fell from $4,283,000,000 on July 1 to $4,266,000,000 on Oct. 31; the administration used a conservative planning figure of $4,273,000,000 for the 2025–26 budget. Sherry said the district’s current millage is 24.37; applying the Act 1 index at 4% would raise the millage to about 25.35.
Why it matters: the district is treating the October valuation as an early indicator and deliberately lowered its…
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