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Jenkintown SD reports 95% tax collection rate; state budget delay cited as short‑term risk
Summary
District finance staff told the board tax collections are up about 10% year‑over‑year with a roughly 95% collection rate; staff noted the state budget remains delayed (~105 days) but said current cashflow should cover obligations through January.
Lou, the district finance staffer, told the Jenkintown SD board at its Oct. 13 work session that tax collections are stronger than a year ago and the district is roughly 95% collected.
"Our tax collection compared to this time last year is up by 10%... We are currently at 95% collection rate," Lou said, adding that the district's capital project balance was temporarily higher because of a state grant reimbursement timing issue.
Lou warned the board that the state budget impasse has lasted about 105 days and that the district's state subsidy remains on hold; he said strong local collections have kept the district in a "good position for now" but noted the district may need to monitor cashflow into January.
The finance report also flagged program cost pressures: school meal claims increased, with revenue up about 10.6% but costs rising about 11.4% year‑over‑year. Lou said two real‑estate assessment appeals reduced value on two properties by approximately $50,000 each, and clarified that some EIT timing differences (July/August proceeds) had been accrued to the prior year, which affects year‑to‑date comparisons.
The board approved the district's recommended votes for the PSBA officer slate during the meeting; Chair recorded five votes in favor and no opposition. Administrators noted they will return with additional detail on timing of reimbursements and cashflow effects as the state budget situation evolves.
