DASD Board of School Directors approve 2020-21 school district budget with 0% tax increase
On June 10, 2020 the Downingtown Area School District (DASD) Board of School Directors approved the 2020-2021 school district budget. For the eighth year running, the budget has been approved with no school property tax increases.
The unanimous vote approving the $230.8 million budget shows a 1.99% increase in expenses over last year’s budget. Understanding that the full financial effects of COVID-19 are not yet known, the district was conservative, committing to an operating budget of $226.6M with $4.2M set aside in a contingency fund. The Board of School Directors has the option to approve use of continency funds based upon need and the strength of the economy.
Superintendent Emilie Lonardi commented, “As a district, we are committed to being fiscally responsible to our taxpayers. Thanks to the careful planning of our Board of School Directors and team of administrators, we are fortunate to be able to avoid a tax increase for the eighth year in a row.”
The Downingtown Area School District is the largest School District in Chester County and seventh largest in Pennsylvania. DASD is the only district in Pennsylvania to earn the highest rating of AAA from both Moody’s and S&P rating agencies for the district’s superior financial health, and the district has earned the Meritorious Budget Award from the Association of School Business Officials fifteen years in a row for excellence in budget presentation.
Photo caption: DASD Board of School Directors passes budget with zero percent tax increase; eighth year in a row (Top row, left to right: Audrey Blust, Joyce Houghton, David Kring, Caryn McCleary Ghrayeb, Lee Wisdom, Linda MacNeal; Bottom row, left to right: Rachel Gibson, Board President Jane Bertone, Superintendent Emilie Lonardi, Vice President Rebecca Britton)