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Penncrest board adopts 2025-26 budget with $462,002 deficit; no tax increase
Summary
The Penncrest Board of School Directors voted 6-1 to adopt a $59.5 million general operating budget for 2025-26 that carries a $462,001.87 deficit and keeps the tax rate unchanged. The board approved the annual tax resolution and directed the business manager to file required budget documents with the state.
The Penncrest Board of School Directors adopted the district—s final general operating budget for fiscal year 2025-26 on Monday, approving revenues of $59,044,006.82 and total expenditures of $59,505,008.69, resulting in a projected deficit of $462,001.87. The board also approved the annual tax resolution and authorized the business manager to prepare and file the PDE-2028 budget document with the Pennsylvania Department of Education.
The district will not increase property taxes for 2025-26, the board was told. Business manager Kristen (no last name provided) told the board the budget included attrition savings of $63,002.60 and reflected recent, but not final, notice of state allocations. "We finally got…
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