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Methacton trims preliminary budget; officials say $1.3M more needed to meet Act 1 index
Summary
District finance director reported a $829,623 net reduction to the preliminary budget from updated salary, retirement and healthcare estimates but said $1.3 million in further adjustments is required to meet Act 1 index limits without using fund balance or the special education exception.
Methacton School District finance staff presented a budget update at the Feb. 25 board meeting showing several reductions to the preliminary fiscal‑year figures and outlining remaining work before final approval in May.
Director of Financial Services Miss Steffey told the board that the preliminary total expenditures of $139,804,158 were reduced by $829,623 through lower estimated salaries ($178,975), reduced retirement costs ($446,101) related…
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