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Proposed 2025‑26 budget shows $2.57 million shortfall; 4% Act 1 index would cut gap to about $1.2 million
Summary
District finance staff presented the proposed final budget for 2025‑26. Without a tax increase the budget shows a $2,573,251 shortfall; applying the 4% Act 1 index would generate about $1.37 million and reduce the operating shortfall to roughly $1.2 million to be covered with fund balance.
District finance staff presented the proposed final 2025‑26 budget at the workshop and outlined revenue and expenditure changes since the April draft, the potential effect of an Act 1 tax index increase and the short‑term use of fund balance to close the gap.
Finance staff said proposed expenditures are $55,353,999 and revenues are $52,780,748, creating a proposed shortfall of $2,573,251 before any tax increase. Using the 4% Act 1 index would generate approximately $1,374,028 and reduce the net operating…
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