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Conestoga Valley previews 2.5% millage increase, $1 million shortfall ahead of final vote
Summary
District staff told the board a 2.5% proposed millage increase would raise the rate to 15.762 (about $82 more for the average homeowner) and leave roughly a $1 million deficit to be covered from assigned fund balance; the board will consider final approval next Monday.
At the June 10 Conestoga Valley School District board meeting, a district finance staff member presented a preliminary budget that would raise the millage rate 2.5% to 15.762, an increase the presenter said would amount to about $82 per average homeowner.
The staff member said the proposal leaves about a $1,000,000 gap between roughly $92,000,000 in projected revenues and $93,000,000 in expenses and that the district planned to use assigned fund balance to cover the shortfall…
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