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Budget update: Lower Moreland projects $145,000 net change, seeks referendum exception and flags sanitary-line issue at high school
Summary
The district’s budget officer reported a net negative change of about $145,000, said the district has applied for a $933,000 referendum exception and described a sanitary-line dip discovered at the high school that will require repair work.
The Lower Moreland Township School District chief financial officer provided a budget update to the board on Feb. 25 that outlined revenue and expenditure adjustments, a pending referendum exception application, local development revenue expectations, and a sanitary-line issue identified during high-school project closeout.
Mr. McGuire summarized recent expenditure reductions of about $22,000, said the district had a net change of roughly $145,000 in the budget outlook and noted the Act 1 allowable tax increase is 4%. He said the…
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