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Shippensburg Area SD sees multi‑million shortfall; board weighs index increase, reserves and future borrowing
Summary
District finance staff presented a 26–27 draft showing roughly $80.2M in expenditures against about $75M in revenue under a 0% tax scenario, leaving a multi‑million gap; the board debated using reserves, raising taxes to the 4.7% Act 1 index and phasing borrowing for $20–30M in capital projects.
Caleb Barwin, the district’s finance lead, told the board the draft 2026–27 budget shows expenditures of about $80.2 million and revenues near $75 million under a 0% local tax increase, creating a multi‑million dollar gap. “If we go to a 0% tax increase…we have a $4,500,000 deficit,” Barwin said, adding that assumptions include current state receipts and modest assessed-value growth.
Barwin said the district’s audited general‑fund balance as of June 30, 2025, was $16.7 million, a $442,000 decline from the prior year, and highlighted revenue sensitivities including earned‑income tax (EIT) growth and declining…
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