York Suburban CFO outlines draft 2025–26 budget, proposes 3.25% tax increase and $500,000 reserve transfer

The York Suburban School District’s chief financial officer presented the district’s draft 2025–26 general fund budget to the board, projecting higher revenues than the current budget and proposing a 3.25% millage increase to help close a projected shortfall.

Chief Financial and Operations Officer Kennedy told the board that revenues for the current fiscal year are projected to come in about $1.7 million higher than the adopted budget and that total revenues included a $2.8 million uptick in state subsidies in the forecast, much of it tied to timing differences and additional basic education and charter reimbursements. Kennedy said local revenue increases are driven primarily by real estate taxes and higher interest income; she budgeted $1 million in interest revenue for next year and proposed transferring any interest receipts above $500,000 into a capital reserve.

On expenditures,…