Tuesday Vote Will Shape GVSD Budget Process
The Great Valley School Board will decide Tuesday night whether to keep Act 1 exceptions on the table.
At its Tuesday night meeting, the Great Valley School District Board of Directors will decide whether to keep any tax increase for the 2013-14 school year within the state-mandated inflation index of 1.7 percent.
The vote will determine how—and when—the rest of the budgeting process will unfold.
The decision boils down to approving one of two resolutions, as stated in the online meeting agenda:
Board adopts resolution to either approve going forward with the Act 1 budget process and applying for eligible referendums or adopts a resolution to waive the Act 1 process and construct the budget within the 1.7% Index for the 2013-2014 School Year.
The above slide, taken from the Jan. 14 Great Valley School Board budget presentation, lists the important dates in the 2013-14 budget process. The information is also listed below.
Jan 22: Deadline to approve Resolution not to raise taxes over Act 1 Index
Feb 19: Board adopts preliminary budget if opt out Resolution is NOT adopted
Apr 22: Board adopts preliminary budget if opt out Resolution IS adopted
May 13: Final budget available for inspection (20 days beforeadoption)
May 20: Public notice of intent to adopt final budget (10 daysbefore adoption)
June 3: Final budget adoption (must be before June 30)