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Pennridge Finance Committee flags $5.7M budget gap; staff outline savings and potential tax options
Summary
District finance officials reported a projected $5.74 million deficit for the 2025–26 budget before a possible Act 1 index tax increase; the administration presented $3.7 million in proposed savings and said a full 4% Act 1 raise would cover about $3.5 million, leaving a remaining shortfall to address before budget adoption.
Pennridge School District finance staff told the committee on March 10 that the district faces a projected structural shortfall for the 2025–26 fiscal year and outlined savings already identified and options to close the gap.
"We currently have a deficit budget of $5,740,000, and that number does not include any tax increase, at all," said Sean (finance staff) during the budget presentation. The presentation showed projected revenue of about $160.1 million and expenditures around $165.8 million under the current assumptions, producing the shortfall.
Staff described drivers on both sides of the ledger. On the expenditure side, salary and…
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