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Dover Area SD board weighs using fund balance versus modest tax increase to close $2.1M deficit
Summary
CFOO Miranda Weaver presented updated budget numbers showing a projected deficit near $2.1 million; the board debated three scenarios (no tax increase using fund balance, a 2% tax increase, and intermediate options) and directed staff to return with scenario spreadsheets and options for cuts and fund-balance usage.
Miranda Weaver, the district's chief financial and operating officer, told the Dover Area School District Board of Directors that updated revenue and retirement projections have reduced the projected 2025 deficit but left the district with roughly a $2.1 million shortfall.
'To fund the $2.1 million deficit, we either have to raise taxes, use fund balance or both,' Weaver said, adding that there is also a possibility the district could receive roughly $1.1 million more in state aid depending on how the state budget settles.
Board members debated how much to rely on the district's fund balance versus a tax increase and whether to remove some of the smaller proposed…
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