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Business office issues five‑year budget 'first look' and recommends Act 1 resolution at 4.0%
Summary
Perkiomen Valley’s business office presented a five‑year projection that shows a growing shortfall driven by salaries, benefits and charter‑school tuition; the office recommended filing an Act 1 resolution at a 4.0% index as an initial step while staff pursue further line‑item reductions and revenue options.
The Perkiomen Valley School District finance team presented a five‑year budget projection at the Dec. 1 meeting that shows a projected multi‑million‑dollar shortfall over the projection period unless corrective actions are taken. Business Manager Mister Weaver summarized revenue and expenditure assumptions, including a conservative approach to local revenue, increases in PSERS employer contribution assumptions, higher health‑insurance costs and rising charter‑school tuition.
Under the presentation’s assumptions, the first look identified a gap of about $5.56 million (roughly a 6.85% tax increase) for the coming budget cycle. Administration recommended adopting an Act 1 resolution at 4.0% to set the district’s planning parameter while staff pursue expenditure reductions, revenue opportunities and programmatic adjustments. Mister Weaver warned that the projection is a planning tool and that assumptions (interest income, PESERS rates, governor’s budget) will be revisited in the second look scheduled for February.
Board members asked for deeper detail on 'other purchase services' (where charter tuition and related items are coded), debt‑service options, and whether refinancing could offer relief; administration agreed to provide a line‑by‑line breakdown and offer a budget retreat or deep‑dive session well in advance of final adoption.
