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Radnor finance committee previews $130.7M preliminary budget, proposes 3.5% tax cap increase
Summary
At its Feb. 10 finance committee meeting, district staff presented a $130.7 million preliminary 2026–27 budget with a projected $743,000 deficit under a full 3.5% Act 1 index tax increase and flagged near‑term debt service peaks tied to the Ithan project.
At the Radnor Township School District Finance Committee meeting on Feb. 10, 2026, district finance staff presented a preliminary 2026–27 budget showing roughly $130.7 million in proposed expenditures and a projected deficit of $743,000 if the district implements the full 3.5% Act 1 index tax increase.
Speaker 2, who led the presentation, said, "we have a budget presented with a deficit of $743,000 with a little over a $130,000,000 in revenue and a little over a 130,700,000.0 in expenditures." The draft assumes a full 3.5% tax adjustment under the Act 1 index, which the presenter noted the board previously resolved to adopt as an opt‑out approach to filing with the state.
The presentation emphasized the district's heavy dependence on…
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