Pennridge finance committee reviews Act 1 index, shortfalls and budget pressures for 2026-27 Committee received an overview of the Act 1 index (3.5% for 2026-27), assessed-value growth, volatile state funding and staffing cost pressures. Officials said Act 1 at 3.5% would raise about $3.21 million at current assessed values but warned state funding and earned-income-tax trends reduce revenue growth overall.

Pennridge's finance committee is sounding the alarm on budget pressures, revealing that a 3.5% Act 1 increase could only generate $3.21 million as state funding uncertainties loom large.

Get the details!

#PA #CitizenPortal #RevenuePressures #TaxReform #PennsylvaniaBudget #EducationFunding