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Radnor finance committee previews proposed final budget; staff says $223,000 deficit and 4% proposal could be trimmed
Summary
District staff told the finance committee the proposed final budget (to be presented April 22) reflects removal of a charter school subsidy and a resulting deficit a little over $223,000; staff forecast a proposed 4% millage that would raise the bill for a $500,000 assessed home by about $304 and said they expect to trim items before the May 27 final vote.
District administration presented a proposed final budget preview and timeline to the Radnor Township School District finance committee on April 8, saying the plan currently shows a deficit ‘‘a little under or a little over $223,000’’ after removing a charter school state subsidy not included in the governor’s budget proposal.
"So it did increase our deficit, to a little under or a little over 223,000," Mister Pauling said, noting staff intend to identify reductions over the next month to bring the proposed…
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