Ridley Park Online

Ridley Park's Online Digital Community

Ridley School District sets 3.1% cap on 2016-2017 Budget

At its January meeting, the Ridley School Board approved the Act 1 budget resolution for 2016-2017. This provides that the school district will not increase local property taxes in excess of the Act 1 Index.  The Act 1 index is set by the PA Department of Education and it presently set at 3.1%.

"By passing this resolution, our school district will not be eligible to apply for Act 1 exceptions that would allow us to exceed the Index," district superintendent Lee Ann Wentzel told reporter Barbara Ormsby of the DelCoNewsNetwork.

Wentzel said the district's budgetary projections indicate a potential increase of more than 18 percent for retirement alone. She noted the risk is compounded by the unknown status of state funding and there is a risk in opting not to request exceptions for special education and retirement.

"Without an equitable Basic Education and Special Education Funding Formula, we continue to have less direction for budgeting the contribution of state funds. It has only been made more difficult that funding for the current budget has yet to be clearly defined," Wentzel said.

Wentzel continued the district will work with the funds available under the Index to balance the 2016-2017 budget. She further said this may require additional cuts in expenditures without the ability to increase revenue beyond the Act 1 3.1 percent limit approved by the school board resolution.

 A preliminary budget will be presented later this year with a final budget adoption no later than June 30.

For more details and further stories read Barbara Ormsby's story for the DelCoNewsNetwork.

Views: 258


You need to be a member of Ridley Park Online to add comments!

Join Ridley Park Online

Comment by tim devabey on January 29, 2016 at 1:18pm

Consider these additional economic facts of PA life:

Our legislators failed to pass SB 76 titled the "tax independence act" which would have eliminated all public education funding through tax on private residences.

Social Security Administration has announced a ZERO % increase in cost of living adjustment for the year 2016. No COLA for seniors this year, but it is OK to increase school property taxes by another 3.1% (on top of the 100% increase over the last ten years in the Ridley School District).  How much further out of touch can be the PA Department of Education?

© 2019   Created by RidleyParkOnline.   Powered by

Badges  |  Report an Issue  |  Terms of Service