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Cheltenham School Board reviews proposed 3.5% property tax increase to close a $5 million gap
Summary
At its April 14 meeting, the Cheltenham School District board heard a proposed final budget that includes a recommended 3.5% property tax increase intended to cover an approximate $5 million structural shortfall; board members emphasized the vote that evening would not finalize any tax increase and that public review continues.
The Cheltenham School District board on April 14 reviewed a proposed final budget that includes a recommended 3.5% property tax increase as part of a plan to close an estimated $5 million annual gap.
At the financial affairs report, board member Zachary EPS said the proposed 3.5% tax increase — included in the proposed final budget posted on the district website — is intended to help close what he described as a roughly $5 million shortfall. EPS explained…
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