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FISCAL RESPONSIBILITY

The Hatboro-Horsham School District has seen a favorable financial position for three years under the newly led school board. There has been a focus on continually improving the learning experience for all students while balancing the impact on the taxpayer. Below are some of our achievements during this time.

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Taxes
 

Since taking office, we have been successful in passing budgets that maintain or increase programs while staying 2.27% below the Act 1 Index. This reduction from Act 1 is more than 2010 through 2019 COMBINED

 

During that time, school taxes have only increased by a combined:

  • Hatboro: $16.71 / Month

  • Horsham: $31.49 / Month

Lowest 3 year tax increase since 2014!
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  • Minimal increase to taxpayers for the new Keith Valley project. (Between $232.09 and $348.76 TOTAL for the taxpayer)

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Bond Rating
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  • Hatboro-Horsham has a AA1 Bond rating.  Only 3 Districts in Montgomery County have a higher rating

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Hatboro-Horsham has a AA1 Bond rating–Only 3 Districts in Montogomery County have a higher rating

ESSER Funds

 

ESSER (Elementary and Secondary School Emergency Relief Fund) Funds in excess of $4.5 Million were received over the course of the COVID pandemic.  Those funds were allocated to best meet the needs of students' education and safety.

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​Bus Upgrades
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In the past three (3) years, HH has purchased six (6) propane busses.

  • Grants totaling roughly 147,000 helped to offset the cost

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  • The district is spending half as much per gallon for propane as diesel. ($1.50 vs. $3.46)

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  • Oil changes at $18 vs $58 using diesel

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  • Maintenance savings over diesel.  Propane burns cleaner with no exhaust fumes

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  • Start up immediately in the cold, reducing idling and labor time to come in early to “warm up” diesel

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  • Better emissions with lower nitrogen oxides- up to 70% lower than pre-2007 diesel buses

 

Other benefits of propane buses:

  • Children are said to come to school calmer because they do not have to shout to their friends

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  • Drivers also have said the rides to and from school are more pleasant as a result​

​Other
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  • Net Operating Surplus in all 3 years
     

  • Increase in the fund balance in all 3 years
     

  • Transfered 3.5M into the Debt Service Fund to assist in repayment of debts while maintaining a robust surplus
     

  • District has refinanced current Bonds saving the District $1.3 M

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  •  Reduction in expenditures without loss of student programming while settling the HHEA contract that was 9 months overdue when taking office
     

  • Increase in the substitute teacher compensation to assist in attracting substitutes to H-H
     

  • When Positions become available (administration, Support Staff, Teachers) a needs assessment is completed to ensure optimal programming and good financial stewardship

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