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Pine-Richland officials outline options to close roughly $5M deficit; preliminary budget adoption set for Feb. 9
Summary
District finance staff told the joint governance meeting the operating deficit is about $4.98 million and presented options — including using Act 1 index plus special-education referendum exceptions that could raise the millage by an estimated 5.2–5.3% — while proposing structural expenditure cuts and revenue strategies. The board will consider adopting a preliminary budget on Feb. 9 to preserve those options.
Pine-Richland School District officials said the district faces an operating deficit of roughly $4,980,000 and laid out a mix of tax, revenue and structural options to close the gap, including adopting a preliminary budget on Feb. 9 that would preserve the option to apply for special-education referendum exceptions.
"Last time in December, with a no millage increase, we're around a $4,980,000 operating deficit," Mr. Jeswick, the district’s finance presenter, told the joint finance governance meeting. He said the administration modeled three options: no millage increase, raising the Act 1 index (3.5%), or applying the index plus referendum exceptions — the latter combination would add roughly 1.7–1.8 percentage points to the index and produce an estimated total increase of about 5.2–5.3 percent, depending on final assessment calculations.
The preliminary-budget filing would include the exception amount required by the Pennsylvania Department of Education (PDE) so the district retains the option to increase revenue…
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