Methacton School Board Approves 2014-2015 Preliminary Budget

The Methacton School District's Board of School Directors voted to approve a preliminary budget for the 2014-2015 school year at the Board's regular the February 18, 2013 meeting. 

The preliminary budget contains a 4.52% proposed increase in the real estate tax that would result in a millage rate of 28.56 and an increase in taxes to the average homeowner of $222.34 for a budget of $99,852,325. With revenues projected at $96,759,287, the result is a budgetary shortfall of $3,093,038, requiring an additional 1.23 mills to balance the budget. The Act 1 Index limit for the district has been set at 2.1% with an additional 2.42% being requested through the exceptions allowed by the state for the increased contribution to the PSERS retirement system and special education costs. The Board voted to authorize the administration to seek these exceptions during their January meeting.

During the Board's March work session meeting, Methacton's Director of Business Services, Stuart Whiteleather, demonstrated a spreadsheet for the Board that allows users to introduce varied tax increases and see the resulting effect on future anticipated budgetary shortfalls. Click here to learn more. Members of the community are invited and encouraged to attend meetings of the Board, and to follow the preparation of the budget on the district's website.

The 2014-2015 proposed final budget will be presented for Board approval during the regularly scheduled May 20, 2014 school board meeting. Final budget approval is scheduled for the regular June 17, 2014 meeting of the Board. Meeting agendas and locations are posted on the morning of the meeting, please check the website to confirm meeting times and locations.