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Schuylkill Valley finance director outlines options to close $1.05 million deficit, including up to 4.28% millage increase
Summary
At the March 24 meeting Kristen Wallace, the district director of finance, presented a preliminary 2026–27 budget showing a projected deficit of about $1.05 million and outlined four millage-rate options that would raise between $975,000 and $1.46 million, with average household impacts from about $131 to $208 per year.
Kristen Wallace, the district’s director of finance, presented the Schuylkill Valley School District’s preliminary 2026–27 budget and described a projected shortfall of roughly $1.05 million.
Wallace said the district’s revenue mix remains heavily local, with "just about 70% of our total revenue comes from a local tax" and about 26% from state funding. She noted the district used a taxable assessment of roughly $1.1 billion and modeled a conservative 0.5% increase for 2026–27. Wallace said the district is maintaining the current millage rate of 27.82 and assumed a 97.5% collection rate in its projections.
The director called out specific pressures on the budget: staffing and benefits comprise roughly 70% of expenditures; special…
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