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Jenkintown finance staff outline budget options as board weighs adjusted Act 1 index
Summary
Finance staff presented a May update showing a 3.85% baseline budget and described an option to adopt a 4.6% adjusted Act 1 index that would free roughly $100,000 for capital projects; board members discussed facility needs, outstanding delinquencies and grant matching requirements ahead of final certified tax‑roll data in June.
District finance staff presented an updated general fund budget and outlined choices the board faces about whether to adopt the adjusted Act 1 index.
At the May 19 meeting the finance presenter said the district’s current plan would produce an estimated 3.85% tax‑rate increase and remains balanced under current assumptions. Staff described an alternative—adopting the adjusted Act 1 index at 4.6%—that, according to staff, would generate about $100,000 more for capital projects if…
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