Schools
Tax Hike Approved In 2024-25 TESD Budget
The 2024-25 millage rate will be 28.3372 mills, up 1.5788 mills from the 2023-24 rate, after the board adopting the budget Monday night.
TREDYFFRIN-EASTTOWN, PA — Property owners in Tredyffrin and Easttown townships will have higher tax bills, as the Tredyffrin/Easttown School District Board Monday approved the 2024-25 budget.
The board voted 8-1 to approve the budget, which features $181.11 million in revenues, $185.72 million in expenditures, and a $4.61 million fund balance allocation. Dr. Robert Singh was the sole vote against the budget.
To cover the deficit in the revenues and expenditures, the board approved a tax increase.
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The 2024-25 millage rate will be 28.3372 mills, up 1.5788 mills from the 2023-24 rate.
The tax will be levied on the assessed valuation of all such taxable real estate or at the rate of $28.34 per $1,000 assessment, subject to provisions.
Find out what's happening in Tredyffrin-Easttownwith free, real-time updates from Patch.
Watch the meeting below:
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