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District finance chief outlines $3 million shortfall, presents revenue options to narrow gap
Summary
At the May 6 Lower Moreland Township School District meeting, district administrators detailed a shortfall of about $3 million for 2025–26 and proposed a mix of one-time revenue assumptions and expenditure reductions that could reduce a potential tax increase to about 3.19 percent under current assumptions.
Mister McGinn, speaking for district administration, told the Board of School Directors on May 6 that the district is facing a budget shortfall of just over $3,000,000 for the 2025–26 fiscal year and has identified both revenue and expenditure strategies to reduce the gap.
"I do not have as, exciting a presentation as a trip to Europe. Sorry," Mister McGinn said as he opened his budget overview, then summarized adjustments the district made through April that reduced the deficit by about $462,000. He presented longer-range options including interim tax receipts from new home settlements, modest increases in earned income tax, and potential reductions in fund-balance reliance.
The administration proposed a set of one‑time revenue assumptions tied to ongoing home sales in the Philmont/Philmont-over-55 development and other new construction. Using a conservative average sales price of $750,000 for…
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