School District Facing $1.3 Million Deficit
With a 1.7 percent tax increase figured in, Hatboro-Horsham School District is facing a $1.3 million budget shortfall.
Hatboro-Horsham School District administrators painted a bleak picture of its nearly $90 million 2013-2014 spending plan which, as presented Tuesday, warrants the reduction of staff in an effort to balance the budget. Without a tax increase, Hatboro-Horsham is facing a $2.2 million shortfall, according to Robert Reichert, the district's director of business affairs, who gave his second of five budget presentations during Tuesday night's school board meeting. The board is required by law to adopt a balanced budget by June 30. With a 1.7 percent tax boost - the amount permitted under Act 1 - the district is still facing a $1.3 million deficit, he said. And since salary and benefits make up roughly 77 percent of the district's annual spending…
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Suzanne
2:14 pm on Wednesday, January 23, 2013
I would hope that those responsible for the budget keep in mind that most taxpayers aren't seeing increases in our income and that increased taxes mean hardship for many of us. In addition, if we are forced to pay more in property taxes local merchants will see fewer of us in their check-out lines resulting in closed businesses and empty properties. The cost of everything is going up. It is only … more ›