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Centennial Board Approves Proposed 2025–26 Budget Ceiling; Board Warns Fund Balance Will Drop
Summary
The board approved a proposed final general fund budget that sets an Act 1 ceiling and shows a $5.8 million deficit to be covered by reserves; members expressed concern about a declining fund balance and potential bond-rating impacts.
The Centennial School District board approved the proposed final 2025–26 general fund budget Tuesday, authorizing display and advertising under Act 1 of the Pennsylvania school code and setting the district’s ceiling for tax increases. The motion passed 5–4 on a roll-call vote.
The proposed final budget lists total revenues of $150,970,762 and total expenses of $156,790,223, producing a projected deficit of approximately $5,800,000 to be funded from the district’s reserves. The board noted that the Act 1 index used in the proposal is 4 percent for the calculation period; adopting the proposed final budget preserves the district’s option to use the Act 1 increase but does not…
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