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District reports $5 million surplus for January as state budget signals potential teacher pay changes
Summary
Finance director reported revenues exceeded expenditures for January and outlined state budget proposals that could affect teacher pay schedules and provisos; trustees were briefed on anticipated timeline for state budget actions.
At the Feb. 24 Chester County School District Board of Trustees meeting, Mr. McDowell presented the financial report for the month ending Jan. 31, 2025, saying revenues for the period were $40,846,727 and expenditures totaled $35,824,069, producing a surplus of $5,022,658 for the period.
Why it matters: The district’s monthly surplus and the state’s proposed budget actions both affect planning for salaries, programs and one-time expenditures as the district prepares its local budget for the coming year.
State budget…
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