ECASD Board of Directors Pass Preliminary Budget with Tax Increase; Consider Financing Plan for Budget Shortfall
The Ellwood City Area School District’s Board of Directors passed a preliminary budget—which calls for a 4.9 percent tax increase—and authorized administration to work with PFM Financial Advisors LLC, as Municipal Advisor on a financing plan as the district faces a more than $1 million budget shortfall. (view the preliminary budget here) Board directors and school officials have a big financial job ahead of them in the coming months as they seek to increase revenues while decreasing spending to work toward a more structurally balanced budget. Melissa Maze of PFM said this financing plan is strictly a strategy for cash…



