Taxes Going Up After TESD OKs 2025-26 Budget

TREDYFFRIN-EASTTOWN, PA — Property taxes are going up in Tredyffrin and Easttown townships with the approval of the Tredyffrin/Easttown School District 2025-26 final budget last week.

The T/E School Board approved the final budget at their June 9 meeting.

The final 2025-26 budget features $190.3 million in revenues, $6.1 million in fund balance allocation, and $196.4 million in expenditures.

Officials addressed the $11 million deficit with expenditure reductions, tapping into existing reserves, and levying a property tax rate increase.

The district in February filed for, and was ultimately approved for, a referendum exception for special education expenditures in excess of the Act 1 index of 4 percent.

The final budget has a 4.66 percent tax rate increase, from 28.3373 mills to 29.6567 mills.

Officials said this rate increase will result in an average $350 increase in property tax bills.

Homeowners eligible for the homestead/farmstead exclusion under Act 1 will receive a reduction of about $344 on their 2025 property tax bills from state gaming fund revenue.

Full details on the budget are available online here.

Contact District Business Manager Arthur J. McDonnell at mcdonnella@tesd.net or the T/E School Board at schoolboard@tesd.net with questions about the budget.

The board also approved a $6 million capital fund transfer in next year’s operating budget as part of an overall strategy to fund future infrastructure projects, the athletic fields complex currently under construction, and the Bear Hill Elementary School construction project. Increasing capital funds for current and future projects will minimize reliance on long-term debt and lower debt service payments in future operating budgets, the district said.