Garnet Valley School District to Adopt Final Budget for 2022-2023 School Year

GARNET VALLEY SCHOOL DISTRICT

80 Station Road

Glen Mills, PA 19342

June 14, 2022       FOR IMMEDIATE RELEASE AND PUBLICATION

Garnet Valley School District to Adopt Final Budget for 2022-2023 School Year

On June 13, 2022 the Garnet Valley School Board approved the 2022-2023 final general fund budget totaling $118,639,405, an increase of $2,544,716 (2.19%) in expenditures over the current year.  The final budget requires a property tax millage rate of 18.6866 (Bethel: 18.8953) mills, an increase of 1.33% over the current year. A property assessed at $300,000 in Chester Heights or Concord would incur tax of $5,605.98, a property assessed at $300,000 in Bethel would incur tax of $5,668.59. The final budget is under the District’s Act I Index of 3.40%.

The 2022-23 budget also includes expenses for the implementation of full day kindergarten beginning this September. The District is able to keep the tax increase minimal by utilizing $500,000 in reserves committed to stabilizing future real estate tax increases. These committed funds were available due to savings in prior years as a result of decreased operations due to Covid-19. The School Board, as well as District Administration, stay committed to providing a top-notch educational atmosphere for our students while, at the same time, limiting the tax burden faced by district residents.      

The 2022-2023 final budget, in PDE format (PDE-2028), is available on the District’s website. The document can also be reviewed at the Garnet Valley District Administration Office, 80 Station Road, Glen Mills, PA; contact Patricia Sharp at 610-579-7374 to make arrangements.