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Spring-Ford board hears finance committee update; preliminary 2026–27 budget presentation set for next week
Summary
The finance committee reported $150 million cash on hand, assessments up roughly $5.1 million month‑over‑month, transfer taxes at 52% of goal and a planned presentation of the 2026–27 preliminary budget next week with adoption slated for January.
The Spring-Ford Area School District’s finance committee reviewed October financial data at the Nov. 17 board meeting and scheduled a public presentation of the 2026–27 preliminary budget for next Monday, with a reminder that the board must adopt the preliminary (Act 1) tax-related item in January.
Finance chair Missus Westwood told the board the district had about $150,000,000 in cash on hand as of Oct. 31. Assessments rose approximately $5,100,000 since the prior month,…
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