Use of Fund Balance Proposed to Close $2M Radnor Budget Gap

The Radnor School District has just over a month left to figure out where to come up with approximately $2 million to cover a shortfall in the 2015-2016 budget.

Board directors spent much of Thursday’s budget workshop meeting finding ways to make up the difference, according to Main Line Media News. Suggestions included canceling the expansion of the high school’s iPad program to the middle schools and leaving personnel position built into the budget unfilled. The largest dent can be made by transferring money from the district’s fund balance, a move that left several board members uneasy after eyeing the account balance dwindle from $21 million to $11 million in two years.

The board voted to not raise taxes beyond the Act 1 index in January, according to the Delaware County Daily Times, choosing to keep the hike to 1.9 percent, or $109 for a homeowner at the township’s median assessment of $265,710. A vote to approve the preliminary budget is slated for April 28, with final budget approval on May 26.