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Northern Lehigh board reviews budget options as administrators model $50M common‑campus bond and a 3.5% preliminary tax increase
Summary
District finance staff presented a 2025–26 budget with a projected $860,000 shortfall, a proposed 3.5% preliminary tax increase (about $669,000) and models showing a potential $50 million bond to fund a common‑campus configuration that would raise annual bond payments by roughly $500,000 phased in over years.
Sherry Valtors, the district finance presenter, told the committee the district is projecting expenditures near $42 million and an ending fund balance just under $18 million while facing rising retirement (PSERS) and health‑care costs.
Valtors said the board previously approved a preliminary 3.5% tax increase; that step would add about $669,000 to local revenues. “A 3.5% proposed tax increase … will give us $669,000 in additional tax revenue,” she said.
The present…
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