Tredyffrin-Easttown board hears budget outlook, flags $2.8 million shortfall
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Summary
The Tredyffrin-Easttown finance committee reported higher local revenue year-to-date but projected a $2.8 million shortfall for the 2025–26 general fund (including a $6 million transfer to capital). The board was told audit results and a preliminary 2026–27 budget will return for review in December.
The Tredyffrin-Easttown School District finance committee reported on Nov. 17 that local revenues are higher than last year but the district still faces budget pressures for 2025–26.
Dr. Roberta Hatinski, chair of the finance committee, said total revenue this year is "over $140,300,000" while general fund expenses and encumbrances as of October stood at $155,526,881. She summarized a first projection for the 2025–26 general fund that shows an estimated $2.8 million shortfall when the district includes a $6 million transfer to the capital fund.
Hatinski outlined the near-term impacts of state funding changes: the district’s basic education allocation will increase by about $103,000, special education state funding will rise by roughly $30,000, and the Ready-to-Learn block grant increased by approximately $50,000 (a 25% boost). She said potential charter tuition savings are being evaluated and could affect the final numbers.
The committee noted the audit is not yet complete; the annual comprehensive financial report and the audit presentation are scheduled for the board’s December meeting. Business manager Mr. McDonald presented prior-year collection and expense rates and the committee approved placing the finance reports on the next meeting consent agenda.
The board did not take additional fiscal action at the Nov. 24 meeting but was told the administration will return in December with the preliminary 2026–27 budget and the audit results for further review.