2022-2023 Budget Summary
On June 13, 2022, the T/E School Board approved the 2022-2023 Final Budget. In the 2022-2023 school year, the T/E School District will serve over 7,000 students with a final budget that authorizes $166,643,058 in spending supported by $160,236,676 in revenue and $6,406,382 of reserves.
The $6 million deficit in the 2022-2023 operational budget was balanced with a fund balance contribution of $1.6 million and a property tax rate increase of 2.95% or $190 on the average assessed home in T/E. Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of approximately $240 on their 2022 property tax bills from state gaming fund revenue. For additional information about the 2022-2023 budget, please see the TESD Annual Update newsletter.
2023-2024 Budget DevelopmentThe School Board Finance Committee will meet to discuss the 2023-2024 budget:
September 20, 2022 7:00 pm October 11, 2022 7:00 pm November 8, 2022 7:00 pm December 13, 2022 (tentative) 7:00 pm Janaury 20, 2023 (tentative) 7:00 pm February 7, 2023 (tentative) 7:00 pm March 14, 2023 (tentative) 7:00 pm April 11, 2023 (tentative) 7:00 pm May 9, 2023 (tentative) 7:00 pm
All meetings will be held at 7:00 pm in the Tredyffrin/Easttown School District Administration Offices (TEAO) at 940 West Valley Road, Suite 1700 in Wayne unless otherwise indicated. The meeting location is subject to change, so please check the website often. The T/E School Board encourages public participation throughout the budget development process. Public comments regarding the budget may be submitted to Arthur J. McDonnell, Business Manager, or to the T/E School Board.