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Property finance committee reports $2.7 million net change to fund balance; forwards multiple capital-bid awards and a solar grant application
Summary
The West Chester Area School District property finance committee told the board Jan. 27 it had identified $2,706,000 in net changes to district projections and a $61,000 decrease in the projected 2025-26 budget gap, and it recommended multiple capital-reserve bid awards including HVAC, access-control, and the Hillsdale Elementary renovation bids.
The West Chester Area School District's property finance committee on Jan. 21 reported a net change of $2,706,000 to district projections intended to increase the fund balance and reduce the 2025-26 budget gap. Committee members told the board on Jan. 27 that the net of model changes for January reduced the 2025-26 budget gap by $61,000.
Mister Scully presented the forecast and reported a preliminary tax-impact estimate: a 4.5% tax increase for both Chester County and Delaware County in the current models. "This right now is above our Act 1 increase and the administration will continue to review the budget projections for potential savings to reduce the millage impact," the committee reported.
The committee…
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