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Cheltenham school board posts $140 million proposed budget with 3% tax increase; approves traffic-calming spending
Summary
The Cheltenham School District posted a $140 million proposed final budget that includes a 3% real-estate tax increase and authorized up to $61,000 for traffic-calming near schools. The board approved placing the budget on public inspection ahead of a June 10 adoption vote.
The Cheltenham School District on May 13 posted a proposed final budget of $140,000,000 that includes a 3% real-estate tax increase and will be available for 20 days of public inspection ahead of a scheduled June 10 board vote.
The proposed budget was described at the meeting as the district’s “best effort” estimate for next year and is being advertised now so the public can review it before the board’s anticipated June 10 approval. The finance committee’s interim financial review, presented to the board, included an unaudited statement through April 30, 2025, showing a projected structural surplus for the current year.
The budget posting and…
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