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Galloway Township board adopts fiscal 2026 budget with 2% tax levy increase
Summary
After a public presentation and discussion of state aid limits, the Galloway Township Board of Education approved the districts fiscal 2026 budget, keeping the tax levy at the 2% cap and using a partial bank cap to cover a shortfall.
The Galloway Township Board of Education on Wednesday approved its fiscal year 2026 budget, adopting a 2% tax levy increase and a partial use of the districts bank cap to close a remaining shortfall.
Superintendent Santelli presented the budget at a public hearing, saying state aid increases produced a net $1.6 million gain but that a 6% cap on aid left the district underfunded compared with the formulas adequacy estimate. "If we weren't capped, we would have received $3,100,000," Santelli said, summarizing materials the administration submitted to the county. The…
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