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Finance committee reviews recommended $130.1 million budget and 3.36% millage increase
Summary
Administration presented a recommended 2026–27 general fund budget of $130,084,033, representing a 0.5298‑mill (3.36%) increase; staff said initial deficit estimates were reduced through spending‑timing changes and the budget will be advertised for final adoption in May.
Radnor Township School District administrators recommended a proposed final general fund budget of $130,084,033 for 2026–27 and outlined its revenue and expenditure assumptions.
Administration said the preliminary projection in February showed a $743,357 deficit that it reduced to $177,690 by re‑timing expenditures and adjusting some operational and security purchases. To balance the budget at the recommended level, administration proposed a tax increase of 0.5298 mills, equivalent to a 3.36% change in the millage rate. With the district's average assessed value of roughly $734,000, administrators estimated the change would translate to about a $389 difference on that sample tax bill.
Presenters noted the recommendation would mark the sixth year the district has proposed an increase under the state's Act 1 limit and that the district continues to manage costs while maintaining classroom programming. The administration said it will advertise the intent to adopt the budget on May 16 and return for final adoption at the May meeting. Committee members thanked staff for the work to reduce the projected deficit and asked for continued scrutiny of items that do not directly affect students.
No formal vote occurred at the finance committee; the recommended budget will be considered by the full board on the advertised schedule.
