Pennridge District faces $11 million imbalance

School officials hope to close that gap in coming months

Published: 2:11 PM EST Jan 08, 2014   Updated: 6:37 PM EST Jan 08, 2014
Pennridge District faces 11 million imbalance

Pennridge School District faces a $11 million budget "imbalance" for the 2014-15 school year.

But the Bucks County school district still is very early in the process of developing the new budget and school officials will look at revenues and expenditures in an effort to close that gap in the coming months, explained Pennridge spokesman Joe Ferry.

He said most of the budget imbalance is dues to projected increases in health care costs. Pennridge is self-insured.

Ferry reported the budget was discussed for the first time at Tuesday night's meeting of the district's finance committee.

Ferry predicts the "imbalance" will not be as high by the time the budget is approved in May or June. The new budget will go into effect July 1st.

The next discussion on the budget is scheduled to take place at the finance committee's Feb. 12 meeting.

Pennridge services about 7,300 students in the boroughs of Dublin, Perkasie, Sellersville and Silverdale and the townships of Bedminster, East Rockhill, Hilltown and West Rockhill.