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Oley Valley committee discusses Act 1 tax resolution, fund transfer and possible solar savings
Summary
Committee reports covered an Act 1 tax‑limit resolution and a proposed $120,000 transfer from unassigned fund balance to capital projects; staff described solar proposals that could produce multi‑year savings and flagged renegotiation and grant opportunities.
The Oley Valley School District’s budget and finance committee presented two formal items and several informational updates during the Nov. 3 committee meeting.
Committee member reporting the budget items described a motion to approve an Act 1 resolution to not raise property taxes above the adjusted index of 3.5 percent (the presenter said that is equivalent to 1.124 mills and roughly $825,000 for the 2026‑27 school year) and a motion to transfer $120,000 from the unassigned fund balance to the capital…
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