The proposed preliminary budget for the 2011-2012 school year in Spring-Ford presented a variety of problems, the most significant being a $10.4 million deficit. School administrators are hesitant to discuss a tax increase since the budget is still in the planning stages. Expenses are increasing as revenues continue to fall. The district will face even more lost revenue if the 30 companies who have applied to Montgomery County for property reassessment are successful. The appeals by such companies as GlaxoSmithKline, Quest Diagnostics and the Spring-Ford Country Club could cost the school district close to $4 million. The school board will vote on a proposed preliminary budget at the Feb. 14 meeting, with final budget adoption required by the end of June.
Spring-Ford School District faces $10.4M shortfall
January 24, 2011 By Leave a Comment