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Mahwah board previews $83 million preliminary budget, seeks health-benefits waiver to cover rising costs
Summary
At its March 5 meeting the Mahwah Board of Education reviewed the revenue side of a $83 million preliminary budget for 2025–26, and staff said the district plans to use a health-benefits waiver to cover rising insurance costs rather than larger program cuts.
The Mahwah Board of Education on March 5 reviewed the revenue side of a proposed $83 million preliminary budget for the 2025–26 school year and discussed using a state health-benefits waiver to cover rising employee-health costs.
Mr. Lamb, a district staff member who presented the budget, told the board the district is planning a tax levy of about $73,000,000 and a total operating budget of roughly $83,000,000. He said New Jersey’s 2% tax-levy cap still applies but that a health-benefits waiver would permit the district to increase its levy by roughly 1.49 percentage points (about $1 million) to cover expected health-benefit increases. “For next year’s budget, there’s no bank cap…
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