Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Franklin Township board adopts $194.7 million 2024-25 school budget, approves withdrawals from reserves
Summary
After a public hearing and presentations from district leaders, the Franklin Township Board of Education approved the 2024–25 operating budget that relies on a 2% tax levy increase plus an allowable healthcare adjustment and draws on capital and maintenance reserves.
The Franklin Township Board of Education voted to adopt the district’s final fiscal year 2024–25 budget following a public hearing and presentations by district leaders.
The budget approved April 25 totals about $194.7 million in general fund revenues, according to School Business Administrator Stephen Fried, who told the board the proposed levy — a 2% increase plus an allowable health-care adjustment — represents about 84% of general fund revenues. “That amount represents 84% of the general fund revenues for the entire district,” Fried said.
The budget matters because it sets spending for instruction, special education, transportation and employee benefits in a district that relies heavily on local property taxes. Superintendent (presenter) Dr. Valli said the budget maintains and expands several programs the board prioritized, including an addition of 85 prekindergarten seats funded…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
