Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Cheltenham board reviews proposed 3.5% property-tax increase to close roughly $5 million shortfall
Summary
At its April 14 meeting the Cheltenham School District board heard a finance committee report proposing a 3.5% property-tax increase intended to cover an estimated $5 million annual shortfall; administrators said the proposed final budget will be reviewed further before a June vote.
Board member Zachary Epps, the finance affairs committee chair, outlined a proposed final budget that includes a recommended 3.5% increase in property taxes to address what he described as an approximately $5 million structural gap in the district’s finances. "On the revenue side, we there is now a proposed 3.5, percent tax increase for property taxes," Epps told the board, adding that projected enrollment-related savings and lower medical costs narrow the gap.
Epps said reduced…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
