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Colonial SD finance committee flags $3.8M hole in first look at 2026-27 budget
Summary
Finance staff told the committee a preliminary 2026-27 budget projects $165M in revenue against $168.9M in expenditures, leaving a roughly $3.8M gap the district plans to address by a 3.5% tax-index increase, use of fund balance, or a combination; special education costs and enrollment growth are leading expense drivers.
Finance staff presented a first look at the Colonial School District's 2026-27 budget on Jan. 12 and outlined revenue projections, cost drivers and planning options.
The finance director said the district projects roughly $165 million in revenues and about $168.9 million in expenditures, producing a shortfall of about $3.8 million. Administration framed three primary ways to close the gap: enact the Pennsylvania base-index cap of 3.5% (which would raise the millage from 26.495 to about 27.422), use a portion of available fund balance (the general fund unassigned balance was reported at about $12.4 million), or…
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