Garnet Valley Image

Budget Press Release: 1/22/19

Budget Press Release: 1/22/19
Posted on 01/23/2019
Press ReleaseGarnet Valley School District Adopts Not to Exceed Index Resolution for School Year 2019-2020

On Tuesday, January 22, 2019, the Garnet Valley School Board approved a resolution indicating that it would not raise the rate of any tax for the support of the public schools for the following fiscal year by more than its index.

Pennsylvania’s Act 1 of 2006 requires all districts to comply with a state mandated index, which is comprised of the state SAWW (Statewide Average Weekly Wage) index and the federal ECI (Employment Cost) index. The unenhanced base index for 2019-20 is 2.3%. The district will not apply to PDE for possible utilization of exceptions for special education and state retirement pension costs. The school district’s preliminary tax increase for next year is below the Act 1 Index.

The district intends to work over the next several months to identify additional revenue opportunities and expense reductions before the Final Budget is adopted in June.
Website by SchoolMessenger Presence. © 2019 West Corporation. All rights reserved.