$10.7M budget deficit in Neshaminy

Dated: May 10 2025

Views: 120

Neshaminy School District is facing a $10.7 million deficit in the 2025-2026 budget. Business administrator Deborah Klahold told board members that the deficit could be reduced to approximately $4 million if taxes are raised to the Act 1 index of 4.7%. According to Klahold, the tax increase would amount to an additional $236 for a homeowner with an average assessed home value of $27,600. Financial challenges contributing to the budget shortfall include a decreasing tax base due to assessment appeals, projected salary increases, and rising special education and health care costs. The school board is scheduled to vote on a formal proposed budget in May, with a final vote before the end of June.
Source: LevittownNow; 4/23/2025

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Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

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